,,ii #aahth ,,congress #b;d ,session ,s4 #ebjb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,september #be1 #bjbd,mr4 ,rubio introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to amend the ,fentanyl ,sanctions ,act to strengthen the imposition of sanctions under that ,act1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,fentanyl ,reduction ,engrained by ,economic ,deterrence ,act or the ,,freed ,act4 #b4 ,expansion of sanctions under the ,fentanyl ,sanctions ,act 7a7 ,in general ,section #gbab of the ,fentanyl ,sanctions ,act 7#ba ,u4,s4,c4 #bcab7 is amended to read as follows3 #gbab4 ,imposition of sanctions 7a7 ,application to foreign persons ,the ,president shall impose the sanctions described in section #gbac7;a77#f7 with respect to any foreign person that-- 7#a7 is identified as a foreign opioid trafficker in the report submitted under section #gbaa7;a72 or 7#b7 the ,president determines-- 7,a7 knowingly has engaged in1 or attempted to engage in1 an activity or transaction that has materially contributed to1 or poses a significant risk of materially contributing to1 opioid trafficking2 7,b7 knowingly has received any property or interest in property that the foreign person knows or should have known-- 7i7 constitutes or is derived from the proceeds of an activity or transaction described in subparagraph 7,a72 or 7ii7 was used or intended to be used to commit or to facilitate such an activity or transaction2 7,c7 knowingly has provided1 or attempted to provide1 financial1 material1 or technological support for1 including through the provision of goods or services in support of-- 7i7 any activity or transaction described in subparagraph 7,a72 or 7ii7 any foreign person described in paragraph 7#a7 or clause 7i7 of this subparagraph2 7,d7 is an adult spouse or other family member of an individual described in paragraph 7#a7 or subparagraph 7,a71 7,b71 or 7,c7 of this paragraph2 or 7,e7 is or has been owned1 controlled1 or directed by1 or has knowingly acted or purported to act for or on behalf of1 directly or indirectly1 any foreign person described in paragraph 7#a7 or subparagraph 7,a71 7,b71 or 7,c7 of this paragraph4 7b7 ,application to agencies and instrumentalities of foreign states ,the ,president shall impose #c or more of the sanctions described in section #gbac with respect to-- 7#a7 each agency or instrumentality of a foreign state 7as defined in section #afjc7;b7 of title #bh1 ,united ,states ,code7 that the ,president determines-- 7,a7 has engaged in1 or attempted to engage in1 an activity or transaction that has materially contributed to1 or poses a significant risk of materially contributing to1 opioid trafficking2 or 7,b7 has provided1 or attempted to provide1 financial1 material1 or technological support for1 including through the provision of goods or services in support of1 any activity or transaction described in subparagraph 7,a72 7#b7 each foreign person the ,president determines is a senior official of an agency or instrumentality of a foreign state described in paragraph 7#a72 and 7#c7 each foreign person that the ,president determines is or has been owned1 controlled1 or directed by1 or has knowingly acted or purported to act for or on behalf of1 directly or indirectly1 an agency or instrumentality of a foreign state described in paragraph 7#a7 or a foreign person described in paragraph 7#b74 7c7 ,determination of applicability to certain foreign persons 7#a7 ,in general ,the sanctions described in section #gbac may not apply to a foreign person described in subsection 7a77#a77;,d7 if the ,president determines that there is clear and convincing evidence the person-- 7,a7 is no longer in contact with the individual described in paragraph 7#a7 of subsection 7a7 or subparagraph 7,a71 7,b71 or 7,c7 of paragraph 7#b7 of that subsection2 and 7,b7 has provided reliable assurances that the person will not engage in any conduct described in subsection 7a7 in the future4 7#b7 ,notification ,not later than #cj days after making a determination under paragraph 7#a71 the ,president shall submit to the appropriate congressional committees and leadership a report on the determination4 4 7b7 ,effective date ,the amendment made by subsection 7a7 shall take effect on the date that is #ij days after the date of the enactment of this ,act4 7c7 ,regulatory authority 7#a7 ,in general ,the ,president shall1 not later than #ahj days after the date of the enactment of this ,act1 prescribe regulations as necessary for the implementation of the amendment made by subsection 7a74 7#b7 ,notification to ,congress ,not later than #aj days before prescribing regulations under paragraph 7#a71 the ,president shall notify the appropriate congressional committees and leadership 7as defined in section #gbjc of the ,fentanyl ,sanctions ,act 7#ba ,u4,s4,c4 #bcjb77 with respect to the proposed regulations4 #c4 ,determination of whether certain entities of the ,people's ,republic of ,china meet criteria for imposition of sanctions 7a7 ,in general ,not later than #fj days after the date of the enactment of this ,act1 the ,secretary of the ,treasury1 in consultation with the ,secretary of ,state and the ,attorney ,general1 shall-- 7#a7 determine whether any entity specified in subsection 7b7-- 7,a7 is responsible for or complicit in1 the production1 manufacture1 distribution1 sale1 of fentanyl1 fentanyl analogues1 or the precursor chemicals for fentanyl or its analogues2 or 7,b7 meets the criteria for the imposition of sanctions under-- 7i7 the ,fentanyl ,sanctions ,act 7#ba ,u4,s4,c4 #bcja et seq472 7ii7 the ,foreign ,narcotics ,kingpin ,designation ,act 7#ba ,u4,s4,c4 #aija et seq472 or 7iii7 ,executive ,order #adjei 7#ej ,u4,s4,c4 #agja note2 relating to imposing sanctions on foreign persons involved in the global illicit drug trade72 7#b7 submit to ,congress a report on the determination made under paragraph 7#a7 with respect to each entity specified in subsection 7b7 that includes the reasons for the determination2 and 7#c7 if the ,secretary of the ,treasury makes an affirmative determination under paragraph 7#a7 with respect to an entity specified in subsection 7b71 include the entity on the list of specially designated nationals and blocked persons maintained by the ,office of ,foreign ,assets ,control4 7b7 ,entities specified ,an entity specified in this subsection is any of the following3 7#a7 ,bank of ,china ,limited4 7#b7 ,ministry of ,public ,security4 7#c7 ,general ,administration of ,china ,customs4 7#d7 ,alibaba4 7#e7 ,hebei ,aicrowe ,biotech ,co4 ,ltd4 7#f7 ,shanghai ,huilitongda ,biological ,technology ,co4 ,ltd4 7#g7 ,crovell ,biotech ,co4 ,ltd4 7#h7 ,shunwei ,biological4 7#i7 ,ministry of ,state ,security4 7c7 ,form of report ,the report required by subsection 7a77#b7 shall be submitted in unclassified form1 but may include a classified annex4 #d4 ,determinations with respect to primary money laundering concern relating to financing of illicit fentanyl and other controlled substances ,if the ,secretary of the ,treasury determines that #a or more financial institutions operating outside of the ,united ,states1 #a or more classes of transactions within1 or involving1 a jurisdiction outside of the ,united ,states1 or #a or more types of accounts within1 or involving1 a jurisdiction outside of the ,united ,states1 is of primary money laundering concern in connection with the financing of illicit fentanyl and other controlled substances1 the ,secretary of the ,treasury may1 by order1 regulation1 or otherwise as permitted by law1 require domestic financial institutions and domestic financial agencies to take one or more of the special measures described in section #ecah;,a7b7 of title #ca1 ,united ,states ,code4 #e4 ,report on improved enforcement with respect to money laundering relating to financing of illicit fentanyl and other controlled substances 7a7 ,in general ,not later than one year after the date of the enactment of this ,act1 the ,secretary of the ,treasury shall submit to appropriate congressional committees a report that identifies any additional regulations1 statutory changes1 enhanced due diligence requirements1 or reporting requirements the ,secretary determines are necessary to better identify1 prevent1 and combat money laundering connected with the financing of illicit fentanyl and other controlled substances1 including related to-- 7#a7 identifying the beneficial ownership of anonymous entities2 and 7#b7 enhanced know-your-customer procedures and screenings for transactions involving any organization identified by the ,secretary as-- 7,a7 a drug cartel or other criminal organization based in ,mexico2 7,b7 a money laundering organization based in the ,people's ,republic of ,china2 or 7,c7 any other entity involved in the financing of illicit fentanyl4 7b7 ,form 7#a7 ,in general ,the report required by subsection 7a7 shall be submitted in unclassified form1 but may include a classified annex and be accompanied by a classified briefing4 7#b7 ,public availability ,the unclassified portion of the report required by subsection 7a7 shall be made available to the public1 including on a publicly accessible internet website of the ,department of the ,treasury4 7c7 ,appropriate congressional committees defined ,in this section1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,banking1 ,housing1 and ,urban ,affairs and the ,committee on ,foreign ,relations of the ,senate2 and 7#b7 the ,committee on ,financial ,services and the ,committee on ,foreign ,affairs of the ,house of ,representatives4 #f4 ,sense of ,congress on international cooperation ,it is the sense of ,congress that the ,secretary of the ,treasury and other relevant ,federal officials1 such as the ,secretary of ,state1 the ,secretary of ,homeland ,security1 and the ,attorney ,general1 should work jointly with financial intelligence units1 trade transparency units1 and appropriate law enforcement authorities of ,canada1 the ,united ,kingdom1 the ,european ,union1 and other countries in ,europe1 ,latin ,america1 and the ,caribbean1 to identify and present1 in the report required by section #e and in future analyses of suspicious transaction reports1 cash transaction reports1 currency and monetary instrument reports1 and other relevant data to identify trends and assess risks in the movement of illicit funds from illicit fentanyl operations from ,mexico1 ,india1 the ,people's ,republic of ,china1 or any country in the ,western ,hemisphere through the financial systems of the ,united ,states1 the ,united ,kingdom1 and ,europe4