S. 1271 would impose sanctions on foreign persons involved in fentanyl trafficking and codify existing sanctions targeting illicit drug trafficking established under Executive Order 14509. That order authorizes the Department of the Treasury to seize assets and block transactions of any foreign persons who engage in or support those who engage in illicit drug trafficking. The bill also would extend the statute of limitations for penalties under other laws from 5 years to 10 years and impose various reporting requirements on the Treasury.
