This bill would repeal or amend current laws that restrict trade with Cuba. Specifically, it would eliminate the ban on assistance to Cuba, and the President’s authority for the embargo on Cuba under the Foreign Assistance Act of 1961.
The President’s authority to continue direct restrictions on trade with Cuba under the Trading with the Enemy Act would be eliminated, and all associated regulations are eliminated.
The Cuban Democracy Act of 1992 would be amended to eliminate:
Presidential authority to impose sanctions against Cuban trading partners;
Restrictions on transactions between U.S.-owned or controlled firms and Cuba;
Limitations on direct shipping between Cuban and U.S. ports;
Restrictions on remittances (i.e. sending money from the U.S. to Cuba).
The Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 would be amended to eliminate:
The enforcement of an economic embargo of Cuban provisions;
The Prohibition on indirect financing of Cuba.
The Trade Sanctions Reform and Export Enhancement Act of 2000 would be amended to:
Remove Cuba from the list of state sponsors of terrorism subject to agricultural and medical export restrictions.
Repeal the prohibition on Cuban-made goods entering the U.S., goods made in part in Cuba, and goods that were transported through Cuba.