; (B) an entity organized under the laws of the United States or of any jurisdiction within the United States, including a foreign branch of such an entity; or (C) any person in the United States. I Sanctions Matters A Sanctions in Response to National Emergency relating to Fentanyl Trafficking 101. Finding; policy (a) Finding Congress finds that international trafficking of fentanyl, fentanyl precursors, or other related opioids constitutes an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States, and is a national emergency. (b) Policy It shall be the policy of the United States to apply economic and other financial sanctions to those who engage in the international trafficking of fentanyl, fentanyl precursors, or other related opioids to protect the national security, foreign policy, and economy of the United States. 102. Use of national emergency authorities; reporting (a) In general The President may exercise all authorities provided under sections 203 and 205 of the International Emergency Economic Powers Act (50 U.S.C. 1702 and 1704) to carry out this subtitle. (b) Report required (1) In general Not later than 180 days after the date of the enactment of this Act, and annually thereafter, the President shall submit to the appropriate congressional committees a report on actions taken by the executive branch pursuant to this subtitle and any national emergency declared with respect to the trafficking of fentanyl, including— (A) the issuance of any new or revised regulations, policies, or guidance; (B) the imposition of sanctions; (C) the collection of relevant information from outside parties; (D) the approval or denial of licenses by the Office of Foreign Assets Control; (E) the initiation of enforcement cases