II
114th CONGRESS
1st Session
S. 1049
IN THE SENATE OF THE UNITED STATES
April 22, 2015
Ms. Heitkamp (for herself, Mr. Boozman, Mr. Udall, and Mr. Flake) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
A BILL
To allow the financing by United States persons of sales of agricultural commodities to Cuba.
Short title
This Act may be cited as the Agricultural Export Expansion Act of 2015
.
Financing of sales of agricultural commodities to Cuba
In general
Notwithstanding any other provision of law (other than section 908 of the Trade Sanctions Reform and Export Enhancement Act of 2000 (22 U.S.C. 7207), as amended by subsection (c)), a person subject to the jurisdiction of the United States may provide payment or financing terms for sales of agricultural commodities to Cuba or an individual or entity in Cuba.
Definitions
In this section:
Agricultural commodity
The term agricultural commodity has the meaning given the term in section 102 of the Agricultural Trade Act of 1978 (7 U.S.C. 5602).
Financing
The term financing includes any loan or extension of credit.
Conforming amendment
Section 908 of the Trade Sanctions Reform and Export Enhancement Act of 2000 (22 U.S.C. 7207) is amended—
in the section heading, by striking and financing
;
by striking subsection (b);
in subsection (a)—
by striking Prohibition
and all that follows through (1) In general.—Notwithstanding
and inserting In general.—Notwithstanding
; and
by redesignating paragraphs (2) and (3) as subsections (b) and (c), respectively, and by moving those subsections, as so redesignated, 2 ems to the left; and
by striking paragraph (1)
each place it appears and inserting subsection (a)
.