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The CCP Fentanyl Sanctions Act authorizes the President to impose sanctions on foreign persons and entities involved in the production and distribution of illicit synthetic narcotics by the People's Republic of China, including Hong Kong and Macau. The bill codifies existing Executive Order 14059 and establishes criteria for sanctions targeting individuals, companies, ports, and government entities that facilitate the trafficking of fentanyl and its precursors. The Treasury Secretary may also restrict financial accounts of foreign banks that conduct transactions on behalf of sanctioned persons. The President may waive sanctions for renewable 180-day periods if determined to be in the national interest.
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