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Lifting the Trade Embargo on Cuba
Recent Bills/Lifting the Trade Embargo on Cuba

Lifting the Trade Embargo on Cuba

IntroducedN/A
Introduced1 year ago
Intro
Senate
House
Pres
Read twice and referred to the Committee on Finance.
Foreign Trade and International FinanceCongressional oversightPresidents and presidential powers, Vice PresidentsHuman rightsSanctionsCaribbean areaTrade restrictionsDiplomacy, foreign officials, Americans abroadIncome tax creditsAgricultural tradeLatin AmericaWar and emergency powersIntelligence activities, surveillance, classified informationForeign aid and international reliefCubaGovernment liabilityNormal trade relations, most-favored-nation treatmentTaxation of foreign incomeTravel and tourism
Why This Matters

This bill aims to lift the trade embargo on Cuba, allowing for more open trade and relations between the two countries. It removes several laws that have restricted U.S. interactions with Cuba for decades.

If you are a business owner looking to trade with Cuba, this bill could open up new opportunities for you.
Who this affects
American businesses · Individuals trading with Cuba
What changes is this bill making?
  1. 1This bill removes restrictions on trade between the United States and Cuba.
  2. 2It ends the Cuban Democracy Act and the Cuban Liberty and Democratic Solidarity Act.
  3. 3The President will no longer have special powers to restrict trade with Cuba.
  4. 4Existing regulations that limit exports to Cuba will no longer be effective.
  5. 5New trade restrictions can only be imposed if there is a new national emergency.
Read the detailed summary

United States-Cuba Trade Act of 2025This bill repeals the trade embargo on Cuba and other provisions restricting trade and travel to Cuba. Specifically, the bill (1) removes restrictions on certain transactions related to trademarks used in connection with a confiscated business or asset, (2) extends nondiscriminatory treatment (i. e., normal trade relations treatment) to Cuban products, and (3) prohibits and rescinds limits on remittances to Cuba. The bill authorizes common carriers to provide telecommunications services between the United States and Cuba. In addition, travel by U.S. citizens and residents to Cuba may not be regulated or prohibited if such travel would be lawful in the United States. The President shall take all necessary steps to engage with Cuba to (1) negotiate settlements relating to claims that Cuba had taken the property of U.S. nationals, and (2) secure the protection of internationally recognized human rights. The President may, with respect to Cuba, impose new export controls and exercise powers related to declared national emergencies. The President must submit a specified determination about a foreign country to Congress prior to denying an income tax credit for taxes paid to the foreign country.

Read full document
Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
Senate
House
Pres
IntroducedCurrentJan 3, 2025

Read twice and referred to the Committee on Finance.

Sponsors
See all 4 sponsors
Senate
House
President

The President

Joe Biden
46th President
Awaiting Vote
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