FEND Off Fentanyl Act

The FEND Off Fentanyl Act authorizes sanctions against foreign individuals and entities involved in trafficking fentanyl and its precursors into the United States, with specific focus on transnational criminal organizations like Mexican cartels and the flow of precursor chemicals from China. It requires the President to submit annual reports to Congress on actions taken under the law and designates fentanyl-related transactions as a primary money laundering concern for financial institutions. The bill also repeals a prohibition on imposing sanctions related to importation of goods under previous fentanyl sanctions law. It aims to increase financial costs for traffickers by blocking assets and prohibiting transactions involving sanctioned persons.