H.R. 833 (112th): Agricultural Export Enhancement Act of 2011

112th Congress, 2011–2013. Text as of Feb 28, 2011 (Introduced).

Status & Summary | PDF | Source: GPO

I

112th CONGRESS

1st Session

H. R. 833

IN THE HOUSE OF REPRESENTATIVES

February 28, 2011

introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To remove obstacles to legal sales of United States agricultural commodities to Cuba as authorized by the Trade Sanctions Reform and Export Enhancement Act of 2000.

1.

Short title

This Act may be cited as the Agricultural Export Enhancement Act of 2011.

2.

Clarification of payment terms under the Trade Sanctions Reform and Export Enhancement Act of 2000

Section 908(b)(4) of the Trade Sanctions Reform and Export Enhancement Act of 2000 (22 U.S.C. 7207(b)(4)) is amended—

(1)

in subparagraph (B), by striking and at the end;

(2)

in subparagraph (C), by striking the period at the end and inserting ; and; and

(3)

by adding at the end the following:

(D)

the term payment of cash in advance means, notwithstanding any other provision of law, the payment by the purchaser of an agricultural commodity or product and the receipt of such payment by the seller prior to—

(i)

the transfer of title of such commodity or product to the purchaser; and

(ii)

the release of control of such commodity or product to the purchaser.

.

3.

Authorization of direct transfers between Cuban and United States financial institutions under the Trade Sanctions Reform and Export Enhancement Act of 2000

Notwithstanding any other provision of law, the President may not restrict direct transfers from a Cuban financial institution to a United States financial institution executed in payment for a product authorized for sale under the Trade Sanctions Reform and Export Enhancement Act of 2000 (22 U.S.C. 7201 et seq.).