US SB860

Requires the Secretary of State and Attorney General to submit a report to Congress within 180 days on U.S. efforts to address fentanyl trafficking from China, including cooperation on precursor chemical controls, money laundering by Chinese financial institutions, and the effectiveness of the Trilateral Fentanyl Committee with Canada and Mexico

Amends the Fentanyl Sanctions Act to prioritize identification of Chinese individuals and entities involved in shipping fentanyl, precursors, and manufacturing equipment to Mexico or other countries producing fentanyl trafficked into the U.S., with prioritization continuing until the President certifies China is no longer the primary source

Expands sanctions authority to cover foreign persons who knowingly engage in significant activities or financial transactions materially contributing to opioid trafficking, including those who receive trafficking proceeds or provide support to traffickers

Authorizes the President to impose sanctions on foreign government agencies, instrumentalities, and financial institutions—as well as their senior officials—that knowingly engage in or support significant activities contributing to opioid trafficking

Changes the deadline for the annual International Narcotics Control Strategy Report from March 1 to June 1 and extends the Fentanyl Sanctions Act sunset date to December 31, 2030