Title: Cuba Trade Act of 2017
Policy area: International Affairs

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:
The Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 is amended to eliminate:
The Trade Sanctions Reform and Export Enhancement Act of 2000 is amended to:

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 472 Introduced in Senate (IS)]

<DOC>






115th CONGRESS
  1st Session
                                 S. 472

       To lift the trade embargo on Cuba, and for other purposes.


_______________________________________________________________________


                   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

_______________________________________________________________________

                                 A BILL


 
       To lift the trade embargo on Cuba, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Cuba Trade Act of 2017''.

SEC. 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)) is amended by striking ``(1) No 
        assistance'' and all that follows through ``(2) Except'' and 
        inserting ``Except''.
            (2) Conforming amendment.--Section 1709 of the Cuban 
        Democracy Act of 1992 (22 U.S.C. 6008) is amended by striking 
        ``section 620(a)(2)'' and inserting ``section 620(a)''.
    (b) Cuban Democracy Act.--
            (1) In general.--The Cuban Democracy Act of 1992 (22 U.S.C. 
        6001 et seq.) is amended--
                    (A) by striking section 1704 (22 U.S.C. 6003);
                    (B) by striking section 1706 (22 U.S.C. 6005); and
                    (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)) is amended to read as follows:
            ``(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 et 
seq.) is amended--
            (1) by striking section 102 (22 U.S.C. 6032);
            (2) by striking section 103 (22 U.S.C. 6033); and
            (3) in section 109(a) (22 U.S.C. 6039(a)), by striking 
        ``(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 et seq.) is amended--
            (1) in section 906(a)(1) (22 U.S.C. 7205(a)(1)), by 
        striking ``Cuba,'';
            (2) by amending section 908 (22 U.S.C. 7207) to read as 
        follows:

``SEC. 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).
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