United States-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 United States-Cuba Trade Act of 2017 2. Removal of provisions restricting trade and other relations with Cuba (a) Authority for embargo and sugar quota (1) In general Section 620(a) of the Foreign Assistance Act of 1961 22 U.S.C. 2370(a) (2) Conforming amendment Section 1610(f)(1)(A) of title 28, United States Code, is amended by striking section 620(a) of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2370(a) (b) Trading with the Enemy Act (1) In general The authorities conferred upon the President by section 5(b) of the Trading With the Enemy Act ( 50 U.S.C. 4305(b) (2) Regulations Any regulation in effect on the day before the effective date of this Act pursuant to the exercise of authorities described in paragraph (1) shall cease to be effective on such effective date. (c) Exercise of authorities under other provisions of law (1) Removal of prohibitions Any prohibition on exports to Cuba that is in effect on the day before the effective date of this Act under the Export Administration Act of 1979 50 U.S.C. 4601 50 U.S.C. 1701 (2) Authority for new restrictions The President may, on and after the effective date of this Act— (A) impose export controls with respect to Cuba under section 5, 6(j), 6(l), or 6(m) of the Export Administration Act of 1979 50 U.S.C. 1701 (B) exercise the authorities the President has under the International Emergency Economic Powers Act with respect to Cuba pursuant to a declaration of national emergency required by that Act that is made on account of an unusual and extraordinary threat to the national security, foreign policy, or economy of the United States, that did not exist before the date of the enactment of this Act. (d) Repeal of Cuban Democracy Act of 1992 The Cuban Democracy Act of 1992 ( 22 U.S.C. 6001 (e) Repeal of Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 (1) Repeal The Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 ( 22 U.S.C. 6021 (2) Conforming amendments (A) Visa revocation Section 428(c)(2) of the Homeland Security Act of 2002 ( 6 U.S.C. 236(c)(2) (i) by striking subparagraph (K); and (ii) by redesignating subparagraphs (L) through (P) as subparagraphs (K) through (O), respectively. (B) Effect of determination Section 606 of the Illegal Immigration Reform and Immigrant Responsibility Act of 1996 ( Public Law 104–208 8 U.S.C. 1255 (C) Property immune from attachment Section 1611 of title 28, United States Code, is amended by striking subsection (c). (D) International claims Sections 514 and 515 of the International Claims Settlement Act of 1949 ( 22 U.S.C. 1643l (f) Repeal of provisions imposing certain restrictions on assistance to former Soviet countries (1) In general Section 498A of the Foreign Assistance Act of 1961 22 U.S.C. 2295a (A) in subsection (a)(11) by striking and intelligence facilities, including the military and intelligence facilities at Lourdes and Cienfuegos, facilities, (B) in subsection (b)— (i) in paragraph (4) by inserting and (ii) by striking paragraph (5); and (iii) by redesignating paragraph (6) as paragraph (5); and (C) by striking subsection (d). (2) Definitions Section 498B(k) of the Foreign Assistance Act of 1961 22 U.S.C. 2295b(k) (g) 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) in section 908 ( 22 U.S.C. 7207 (A) by striking subsection (b); (B) in subsection (a)— (i) by striking Prohibition (1) In general.— In general.— (ii) by striking for exports to Cuba or (iii) by striking paragraph (2); and (iv) by redesignating paragraph (3) as subsection (b) and by moving such subsection, as so redesignated, 2 ems to the left; and (C) in subsection (b), as redesignated by subparagraph (B)(iv), by striking paragraph (1) subsection (a) (3) by striking section 909 ( 22 U.S.C. 7208 (4) by striking section 910 ( 22 U.S.C. 7209 (5) by redesignating section 911 ( Public Law 106–387 (h) Repeal of prohibition on transactions or payments with respect to certain United States intellectual property Section 211 of the Department of Commerce and Related Agencies Appropriations Act, 1999 (as contained in section 101(b) of division A of Public Law 105–277 (i) Sugar quota prohibition under Food Security Act of 1985 Subsection (c) of section 902 of the Food Security Act of 1985 ( Public Law 99–198 3. Telecommunications equipment and facilities Any common carrier, as defined in section 3 of the Communications Act of 1934 47 U.S.C. 153 4. Travel (a) In general Travel to and from Cuba by individuals who are citizens or residents of the United States, and any transactions ordinarily incident to such travel, may not be regulated or prohibited if that travel would be lawful in the United States. (b) Transactions incident to travel Transactions ordinarily incident to travel that may not be regulated or prohibited under subsection (a) include the following: (1) Transactions ordinarily incident to travel or maintenance in Cuba. (2) Normal banking transactions involving foreign currency drafts, traveler’s checks, or other negotiable instruments incident to that travel. 5. Negotiations with Cuba (a) Negotiations The President should take all necessary steps to advance negotiations with the Government of Cuba— (1) for the purpose of settling claims of nationals of the United States against the Government of Cuba for the taking of property by such government; and (2) for the purpose of securing the protection of internationally recognized human rights. (b) Definitions In this section, the terms national of the United States property 22 U.S.C. 1643a 6. Extension of nondiscriminatory trade treatment (a) Sense of Congress (1) In general It is the sense of the Congress that— (A) the United States should promote democratic change and economic reform by normalizing trade relations with Cuba; and (B) upon the enactment of this Act, it will no longer be necessary for the United States to continue to use article XXI of the GATT 1994 with respect to Cuba, understanding that the President retains full authority to invoke article XXI of the GATT 1994 and comparable provisions in other Uruguay Round Agreements in the future in all appropriate circumstances. (2) Definitions In this section, the terms GATT 1994 Uruguay Round Agreements 19 U.S.C. 3501 (b) Extension of nondiscriminatory treatment to the products of Cuba (1) Harmonized tariff schedule amendments Subdivision (b) of general note 3 of the Harmonized Tariff Schedule of the United States is amended— (A) by striking to section 401 of the Tariff Classification Act of 1962, (B) by striking Cuba (2) Repeal of Section 401 of the Tariff Classification Act of 1962 Section 401 of the Tariff Classification Act of 1962 ( Public Law 87–456 (3) Termination of application of title IV of the Trade Act of 1974 (A) Extension of nondiscriminatory treatment Nondiscriminatory treatment (normal trade relations treatment) shall apply to the products of Cuba. (B) Termination of application of title IV Title IV of the Trade Act of 1974 19 U.S.C. 2431 (4) Effective date This section, and the amendments made by this section, shall apply with respect to goods entered, or withdrawn from warehouse for consumption, on or after the 15th day after the date of the enactment of this Act. (c) Report to Congress The President shall submit to Congress, not later than 18 months after the date of the enactment of this Act, a report on trade relations between the United States and Cuba. 7. Prohibition on limiting annual remittances (a) In general Except as provided in subsection (b), the Secretary of the Treasury may not limit the amount of remittances to Cuba that may be made by any person who is subject to the jurisdiction of the United States, and the Secretary shall rescind all regulations in effect on the date of the enactment of this Act that so limit the amount of those remittances. (b) Rule of construction Nothing in subsection (a) may be construed to prohibit the prosecution or conviction of any person committing an offense described in section 1956 of title 18, United States Code (relating to the laundering of monetary instruments), or section 1957 of such title (relating to engaging in monetary transactions in property derived from specific unlawful activity). 8. Requirement to report to Congress prior to denial of foreign tax credit with respect to certain foreign countries (a) In general Subclause (II) of section 901(j)(2)(B)(i) such country becomes the date on which the President reports to Congress that such country has been determined to be (b) Effective date (1) In general Subject to paragraph (2), the amendment made by this section shall apply to any determination regarding whether a foreign country is described in subparagraph (A) of section 901(j)(2) (2) Nonapplication to countries subject to denial of foreign tax credit Nothing in this section, or the amendment made by this section, shall be construed to alter, amend, or otherwise affect the application of subsection (j) of section 901 of such Code to any country which has been determined to be a country described in paragraph (2)(A) of such subsection on or before the date of the enactment of this Act. 9. Effective date Except as provided in sections 6 and 8, this Act and the amendments made by this Act shall take effect 60 days after the date of the enactment of this Act.

Summary: United States-Cuba Trade Act of 2017 This bill repeals the embargo on trade with Cuba. The bill: (1) makes ineffective certain prohibitions on exports to Cuba; (2) extends nondiscriminatory treatment (normal trade relations) to Cuban products; (3) prohibits regulation or banning of travel to and from Cuba by U.S. citizens or residents or of any transactions incident to travel; and (4) repeals the President's authority to continue direct restrictions on trade with Cuba. The President shall: (1) conduct negotiations with Cuba on settling claims of U.S. nationals for the taking of property by the Cuban government, and (2) engage in bilateral dialogue with Cuba on securing the protection of internationally recognized human rights. The President may establish specified export controls and trade restrictions with respect to Cuba. The President may impose export controls and exercise certain emergency economic authorities with respect to Cuba only if there is an unusual threat to U.S. national security. The bill repeals: (1) the Cuban Democracy Act of 1992; (2) the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996; (3) the prohibition against allocation of the annual sugar quota to a country unless such country verifies that it does not import Cuban sugar for reexport to the United States; (4) the prohibition on transactions or payments respecting certain U.S. intellectual property; and (5) restrictions on assistance to any independent state of the former Soviet Union that engages in trade with, or provides other support to, Cuba. Cuba is removed from the list of state sponsors of terrorism, subject to agricultural and medical export restrictions. Common carriers may provide telecommunications services, including installations and repairs, between the United States and Cuba. The Department of the Treasury may not limit the amount of remittances to Cuba that may be made by any person subject to U.S. jurisdiction. The Internal Revenue Code is amended to require the President to report to Congress on a country's status prior to the denial of foreign tax credits for certain foreign countries.