To impose sanctions with respect to pharmaceutical companies of the People's Republic of China and certain cartels that traffic fentanyl into the United States, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To impose sanctions with respect to pharmaceutical companies of the People's Republic of China and certain cartels that traffic fentanyl into the United States, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Immigration, Foreign Policy.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title This Act may be cited as the Strengthening Sanctions on Fentanyl Traffickers Act of 2023.
- Section id148fc583a61f43e6887fe7c0fe25a496: 2. Prioritization of identification of persons from the People's Republic of China Section 7211 of the Fentanyl Sanctions Act (21 U.S.C. 2311) is amended— in...
- Section id35a840202bcd4f768743b5b9bd215097: 3. Sanctions with respect to significant fentanyl trafficking organizations United States sanctions imposed on the transnational criminal organizations listed...
- Section id2e2b1e9ff79b449184bda82c05e0edcb: 4. Imposition of sanctions with respect to foreign persons involved in global illicit drug trade The President may impose any of the sanctions described in...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To impose sanctions with respect to pharmaceutical companies of the People's Republic of China and certain cartels that traffic fentanyl into the United States, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Immigration, Foreign Policy
Primary Purpose
This bill, To impose sanctions with respect to pharmaceutical companies of the People's Republic of China and certain cartels that traffic fentanyl into the United States, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Legislative Progress
IntroducedMr. Menendez introduced the following bill; which was read twice …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_homeland_security"
- → Secretary of Homeland Security
Key Definitions
Terms defined in this bill
a financial institution (including its foreign branches)— organized under the laws of the United States or of any jurisdiction within the United States
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology