Cuba Trade Act of 2017

To lift the trade embargo on Cuba, and for other purposes. 1. Short title This Act may be cited as the Cuba Trade Act of 2017 2. Removal of provisions restricting trade with Cuba (a) Authority for Embargo (1) In general Section 620(a) of the Foreign Assistance Act of 1961 22 U.S.C. 2370(a) (1) No assistance (2) Except Except (2) Conforming amendment Section 1709 of the Cuban Democracy Act of 1992 ( 22 U.S.C. 6008 section 620(a)(2) section 620(a) (b) Cuban Democracy Act (1) In general The Cuban Democracy Act of 1992 ( 22 U.S.C. 6001 (A) by striking section 1704 ( 22 U.S.C. 6003 (B) by striking section 1706 ( 22 U.S.C. 6005 (C) by striking section 1708 ( 22 U.S.C. 6007 (2) Conforming amendment Paragraph (3) of section 204(b) of the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 ( 22 U.S.C. 6064(b) (3) section 1705(d) of the Cuban Democracy Act of 1992 ( 22 U.S.C. 6004(d) . (c) Cuban Liberty and Democratic Solidarity Act The Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 ( 22 U.S.C. 6021 (1) by striking section 102 ( 22 U.S.C. 6032 (2) by striking section 103 ( 22 U.S.C. 6033 (3) in section 109(a) ( 22 U.S.C. 6039(a) (including section 102 of this Act) (d) Trade Sanctions Reform and Export Enhancement Act of 2000 The Trade Sanctions Reform and Export Enhancement Act of 2000 ( 22 U.S.C. 7201 (1) in section 906(a)(1) ( 22 U.S.C. 7205(a)(1) Cuba, (2) by amending section 908 ( 22 U.S.C. 7207 908. Prohibition on United States assistance and financing (a) In general 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. (b) 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. (c) Waiver 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. ; and (3) by striking section 909 ( 22 U.S.C. 7208

Summary: Cuba Trade Act of 2017 This bill repeals or amends current laws restricting trade with Cuba. The prohibition on assistance to Cuba, and the President's authority for the embargo on Cuba, under the Foreign Assistance Act of 1961 are eliminated. The Cuban Democracy Act of 1992 is 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, and restrictions on remittances. The Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 is amended to eliminate: the enforcement of an economic embargo of Cuban provisions, and the prohibition on indirect financing of Cuba. The Trade Sanctions Reform and Export Enhancement Act of 2000 is amended to: remove Cuba from the list of state sponsors of terrorism subject to agricultural and medical export restrictions; eliminate the prohibition on U.S. assistance, including foreign assistance, export assistance, and any credit or guarantees being made available for exports to Cuba; eliminate the prohibition against a U.S. person's providing payment or financing terms for sales of agricultural commodities or products to Cuba; prohibit the United States from providing any foreign assistance to Cuba or any financial assistance, loan, loan guarantee, extension of credit, or other financing for exports to Cuba; and eliminate the prohibition on the U.S. entry of merchandise that is of Cuban origin, is or has been located in or transported from or through Cuba, or is made or derived in whole or in part of any article which is the growth, produce, or manufacture of Cuba.