Bill > S136

This bill aims to comprehensively lift the trade embargo and normalize relations with Cuba by repealing multiple existing laws that have restricted economic and travel interactions between the United States and Cuba. Specifically, the bill eliminates key restrictions such as the Cuban Democracy Act, the Cuban Liberty and Democratic Solidarity Act, and various provisions in the Foreign Assistance Act that imposed trade sanctions. The legislation would allow U.S. telecommunications companies to provide services and upgrade facilities in Cuba, permit U.S. citizens to travel to Cuba without significant restrictions, and extend nondiscriminatory trade treatment to Cuban products. The bill also removes limitations on financial remittances to Cuba, with the only restrictions being related to potential money laundering. Additionally, the bill calls for the President to negotiate with Cuba on settling property claims and protecting human rights. The legislation requires the President to submit a report to Congress on trade relations with Cuba within 18 months of enactment and sets an effective date 60 days after the bill is signed into law, with some specific trade-related provisions taking effect on a slightly different timeline. The overall intent is to promote economic engagement and potentially encourage democratic reforms in Cuba through increased interaction and trade.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/136/all-info