Cuba Reconciliation Act

Bill: 114-hr-735
Sponsor: full_name: Rep. Serrano, Jose E. [D-NY-15]
Introduced: 2015-02-04
Policy area: International Affairs
Subjects: Agricultural trade

Caribbean area

Cuba

Foreign and international banking

Income tax credits

Intellectual property

International exchange and broadcasting

Latin America

Postal service

Sanctions

Taxation of foreign income

Trade restrictions

Travel and tourism

U.S. and foreign investments

Visas and passports
Latest action: action_date: 2015-02-27
text: Referred to the Subcommittee on Trade.

Summaries:
action_date: 2015-02-04
action_desc: Introduced in House
text: <p><strong>Cuba Reconciliation Act</strong></p> <p>Amends the Foreign Assistance Act of 1961 to repeal the embargo placed upon all trade with Cuba. </p> <p>Amends the Internal Revenue Code to declare the denial of foreign tax credit inapplicable to Cuba.<p>Permits: (1) installation and maintenance of telecommunications equipment and facilities in Cuba, including telecommunications services between the United States and Cuba; and (2) travel to and from Cuba by U.S. citizens or residents. <p>Requires the U.S. Postal Service to provide direct mail service to and from Cuba.

tv_txt: I 114th CONGRESS 1st Session H. R. 735 IN THE HOUSE OF REPRESENTATIVES February 4, 2015 Mr. Serrano (for himself and Mr. Rangel ) introduced the following bill; which was referred to the Committee on Foreign Affairs , and in addition to the Committees on Ways and Means , Energy and Commerce , Financial Services , the Judiciary , Oversight and Government Reform , 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 lift the trade embargo on Cuba, and for other purposes.

1. Short title This Act may be cited as the Cuba Reconciliation Act . 2. Removal of provisions restricting trade and other relations with Cuba (a) Authority for embargo Section 620(a) of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2370(a) ) is repealed. (b) Trading With the Enemy Act The authorities conferred upon the President by section 5(b) of the Trading with the Enemy Act, which were being exercised with respect to Cuba on July 1, 1977, as a result of a national emergency declared by the President before that date, and are being exercised on the day before the effective date of this Act, may not be exercised on or after such effective date with respect to Cuba. Any regulations in effect on the day before such effective date pursuant to the exercise of such authorities, shall cease to be effective on such 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 (as continued in effect under the International Emergency Economic Powers Act) shall cease to be effective on such effective date. (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 (as continued in effect under the International Emergency Economic Powers Act); and (B) exercise the authorities he 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, that did not exist before the enactment of this Act, to the national security, foreign policy, or economy of the United States. (d) Cuban Democracy Act of 1992 The Cuban Democracy Act of 1992 (22 U.S.C. 6001 and following) is repealed. (e) Repeal of cuban liberty and democratic solidarity (LIBERTAD) Act of 1996 (1) Repeal The Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 is repealed. (2) Conforming amendments (A) Section 498A of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2295a ) is amended— (i) in subsection (a)(11), by striking and intelligence facilities, including the military and intelligence facilities at Lourdes and Cienfuegos, and inserting facilities, ; (ii) in subsection (b)— (I) in paragraph (4), by adding and after the semicolon; (II) by striking paragraph (5); and (III) by redesignating paragraph (6) as paragraph (5); and (iii) by striking subsection (d). (B) Section 498B(k) of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2295b(k) ) is amended by striking paragraphs (3) and (4). (C) Section 1611 of title 28, United States Code, is amended by striking subsection (c). (D) Sections 514 and 515 of the International Claims Settlement Act of 1949 (22 U.S.C. 1643l and 1643m) are repealed. (f) Termination of denial of foreign tax credit with respect to Cuba Subparagraph (A) of section 901(j)(2) of the Internal Revenue Code of 1986 (relating to denial of foreign tax credit, etc., with respect to certain foreign countries) is amended by adding at the end thereof the following new flush sentence: Notwithstanding the preceding sentence, this subsection shall not apply to Cuba after the date which is 60 days after the date of the enactment of this sentence. . (g) Sugar quota prohibition under Food Security Act of 1985 Section 902(c) of the Food Security Act of 1985 is repealed. (h) Trade Sanctions Reform and Export Enhancement Act of 2000 The Trade Sanctions Reform and Export Enhancement Act of 2000 (22 U.S.C. 7201 and following) is amended— (1) in section 906(a)(1)— (A) by striking Cuba, ; and (B) by inserting (other than Cuba) after to the government of a country ; (2) in section 908— (A) by striking subsection (b); (B) in subsection (a)— (i) by striking Prohibition and all that follows through (1) In general .— and inserting 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 conforming the margin accordingly); and (C) in subsection (b) (as redesignated), by striking paragraph (1) and inserting subsection (a) ; (3) by striking section 909; and (4) by striking section 910. (i) 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 ; 112 Stat. 2681–88) is repealed. 3. Telecommunications equipment and facilities Any common carrier within the meaning of section 3 of the Communications Act of 1934 ( 47 U.S.C. 153 ) is authorized to install, maintain, and repair telecommunications equipment and facilities in Cuba, and otherwise provide telecommunications services between the United States and Cuba. The authority of this section includes the authority to upgrade facilities and equipment. 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 such travel would be lawful in the United States. (b) Transactions incident to travel Any transactions ordinarily incident to travel which may not be regulated or prohibited under subsection (a) include, but are not limited to— (1) transactions ordinarily incident to travel or maintenance in Cuba; and (2) normal banking transactions involving foreign currency drafts, traveler’s checks, or other negotiable instruments incident to such travel. 5. Direct mail delivery to Cuba The United States Postal Service shall take such actions as are necessary to provide direct mail service to and from Cuba, including, in the absence of common carrier service between the 2 countries, the use of charter providers. 6. Effective date This Act, and the amendments made by this Act, shall take effect 60 days after the date of the enactment of this Act.