IN THE SENATE OF THE UNITED STATES
February 28, 2017
Mr. Moran introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To lift the trade embargo on Cuba, and for other purposes.
This Act may be cited as the
Cuba Trade Act of 2017.
Removal of provisions restricting trade with Cuba
Authority for Embargo
Section 620(a) of the Foreign Assistance Act of 1961 (22 U.S.C. 2370(a)) is amended by striking
(1) No assistance and all that follows through
(2) Except and inserting
Section 1709 of the Cuban Democracy Act of 1992 (22 U.S.C. 6008) is amended by striking
section 620(a)(2) and inserting
Cuban Democracy Act
The Cuban Democracy Act of 1992 (22 U.S.C. 6001 et seq.) is amended—
by striking section 1704 (22 U.S.C. 6003);
by striking section 1706 (22 U.S.C. 6005); and
by striking section 1708 (22 U.S.C. 6007).
Paragraph (3) of section 204(b) of the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 (22 U.S.C. 6064(b)) is amended to read as follows:
section 1705(d) of the Cuban Democracy Act of 1992 (22 U.S.C. 6004(d));
Cuban Liberty and Democratic Solidarity Act
The Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 (22 U.S.C. 6021 et seq.) is amended—
by striking section 102 (22 U.S.C. 6032);
by striking section 103 (22 U.S.C. 6033); and
in section 109(a) (22 U.S.C. 6039(a)), by striking
(including section 102 of this Act).
Trade Sanctions Reform and Export Enhancement Act of 2000
The Trade Sanctions Reform and Export Enhancement Act of 2000 (22 U.S.C. 7201 et seq.) is amended—
in section 906(a)(1) (22 U.S.C. 7205(a)(1)), by striking
by amending section 908 (22 U.S.C. 7207) to read as follows:
Prohibition on United States assistance and financing
Notwithstanding any other provision of law, no United States Government assistance, including United States foreign assistance, United States export assistance, and any United States credit or guarantees shall be available for commercial exports to Iran, Libya, North Korea, or Sudan.
Prohibition on foreign assistance and financing of trade with Cuba
Notwithstanding any other provision of law, the United States Government may not provide any foreign assistance to Cuba or any financial assistance, loan, loan guarantee, extension of credit, or other financing for exports to Cuba.
The President may waive the application of subsection (a) or (b) to the degree the President determines that it is in the national security interest of the United States to do so, or for humanitarian reasons.
by striking section 909 (22 U.S.C. 7208).