FEND Off Fentanyl Act

Fentanyl Eradication and Narcotics Deterrence Off Fentanyl Act or the FEND Off Fentanyl Act

This bill requires or authorizes various actions, including sanctions, targeting foreign persons (individuals and entities) engaged in trafficking of fentanyl and other illicit opioids.

This bill requires that the sanctions specified in Executive Order 14059 (relating to sanctions on foreign persons involved in the global illicit drug trade), as well as any amendments to or directives issued pursuant to that executive order before the date of the enactment of this bill, shall remain in effect.

The bill also requires the President to impose property-blocking sanctions on any foreign person knowingly involved in (1) significant trafficking of fentanyl, fentanyl precursors, or other related opioids by a transnational criminal organization; or (2) significant activities of a transnational criminal organization relating to the trafficking of fentanyl, fentanyl precursors, or other related opioids.

The Department of the Treasury is authorized to take certain actions relating to classes of transactions that (1) involve a non-U.S. jurisdiction, and (2) are of primary money laundering concern in connection with illicit opioid trafficking. For such transaction classes, Treasury may require domestic financial institutions to (1) take certain special measures, (2) prohibit certain transmittals of funds, or (3) impose conditions on transmittals of funds.

Treasury's Financial Crimes Enforcement Network must issue guidance to U.S. financial institutions for filing reports of suspicious transactions related to suspected fentanyl trafficking by transnational criminal organizations.

The FEND Off Fentanyl Act, also known as Bill 118 hr 3333, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to address the growing crisis of fentanyl-related overdoses in the United States.

The FEND Off Fentanyl Act proposes several key measures to combat the spread of fentanyl, a powerful synthetic opioid that is responsible for a significant portion of overdose deaths in the country. One of the main provisions of the bill is to increase funding for law enforcement agencies to crack down on the production and distribution of fentanyl.

Additionally, the FEND Off Fentanyl Act aims to improve access to treatment and prevention services for individuals struggling with opioid addiction. This includes expanding resources for substance abuse treatment programs and increasing education and awareness efforts to help prevent fentanyl overdoses. Furthermore, the bill includes provisions to enhance the monitoring and reporting of fentanyl-related data, in order to better understand the scope of the problem and develop more effective strategies for addressing it. This includes improving coordination between federal, state, and local agencies to track the flow of fentanyl and identify areas of high risk. Overall, the FEND Off Fentanyl Act is a comprehensive piece of legislation that seeks to address the fentanyl crisis from multiple angles, including law enforcement, treatment, prevention, and data collection. If passed, this bill has the potential to make a significant impact in reducing fentanyl-related overdoses and saving lives across the United States.