This bill establishes safety standards and financial penalties for Chinese entities involved in producing, selling, or shipping fentanyl precursors and other chemicals used to make synthetic opioids. Within 180 days of enactment, the Attorney General must set minimum standards requiring Chinese ports, vessels, and exporters to properly document and report shipments of these materials to U.S. authorities. Chinese companies that fail to comply face civil penalties of either 0.025 percent of a vessel's total cargo value or $250,000, whichever is greater, with penalties increasing by the same amount for each 90-day period of continued non-compliance. Companies that falsify records face doubled penalties, and those that voluntarily disclose violations may have penalties waived. All collected penalties go into a special fund for the Attorney General and Drug Enforcement Administration to combat drug trafficking and related crimes involving Chinese entities, with the President required to report to Congress at least twice yearly on enforcement progress and compliance rates.