More sanctions for deadly fentanyl if bill wins passage
Over the past year, the U.S. Treasury Department has used its sanctions powers to impose wide-ranging financial penalties on Russia in response to its invasion of Ukraine — turning Russia into the most sanctioned country in the world.
Now, the federal agency is facing increasing pressure, including from legislation being introduced in the Senate, to use those tools with similar vigor against the people, financial institutions and companies that have participated in the explosion of fentanyl use and distribution in the U.S.
“As a matter of policy we are dealing with drug cartels who have tremendous economic gain to be made,” said Paul DelPonte, executive director of the nonprofit National Crime Prevention Council, which is pushing for tougher action against those behind the scourge of drug overdose and death. “There are a lot of hands involved in this crime.”
Fentanyl is the deadliest drug in the U.S. today. The Centers for Disease Control and Prevention estimates that 71,000 people died from overdosing on synthetic opioids such as fentanyl in 2021, up from almost 58,000 in 2020.
Mexico and China are the primary source countries for fentanyl and fentanyl-related substances trafficked directly into the U.S., according to the Drug Enforcement Administration, which is tasked with combating illicit drug trafficking. Nearly all the precursor chemicals that are needed to make fentanyl are coming from China.
Growing tensions between the U.S. and China on multiple fronts have made efforts to stop the importation of illicit fentanyl more difficult, a Congressional Research Service report states. China officially suspended its counternarcotic and law enforcement cooperation with the U.S. last August.