Sens. King, Moran Introduce Bill to Lift Cuban Embargo
Sens. Angus King, I-Maine, and Jerry Moran, R-Kansas, introduced legislation on June 11 to lift the embargo on Cuba and allow industry to “freely conduct business with the island nation,” those lawmakers said in a statement (here). The legislation, S-1543…
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(here), would repeal provisions in U.S. laws related to Cuba trade and diplomacy, including language in the Cuban Liberty and Democratic Solidarity Act, the cornerstone of the embargo also referred to as Helms-Burton. The bill would also relieve financial institutions from restrictions in their dealings with Cuba, the lawmakers said. “By lifting the embargo and opening up the market for U.S. agricultural commodities, we will not only boost the U.S. economy but also help bring about reforms in the repressive Cuban government,” said Moran.