Text: S.275 — 115th Congress (2017-2018)All Information (Except Text)

There is one version of the bill.

Text available as:

Shown Here:
Introduced in Senate (02/02/2017)


115th CONGRESS
1st Session
S. 275


To allow the financing by United States persons of sales of agricultural commodities to Cuba.


IN THE SENATE OF THE UNITED STATES

February 2, 2017

Ms. Heitkamp (for herself, Mr. Boozman, Mr. Udall, Mr. Leahy, Mr. Durbin, Ms. Klobuchar, Mr. King, Ms. Collins, Ms. Stabenow, Mr. Donnelly, Ms. Baldwin, Mr. Wyden, Mr. Warner, and Mr. Cochran) 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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Agricultural Export Expansion Act of 2017”.

SEC. 2. Financing of sales of agricultural commodities to Cuba.

(a) 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.

(b) Definitions.—In this section:

(1) AGRICULTURAL COMMODITY.—The term “agricultural commodity” has the meaning given that term in section 102 of the Agricultural Trade Act of 1978 (7 U.S.C. 5602).

(2) FINANCING.—The term “financing” includes any loan or extension of credit.

(c) Conforming amendment.—Section 908 of the Trade Sanctions Reform and Export Enhancement Act of 2000 (22 U.S.C. 7207) is amended—

(1) in the section heading, by striking “and financing”;

(2) by striking subsection (b);

(3) in subsection (a)—

(A) by striking “Prohibition” and all that follows through “(1) In general.—Notwithstanding” and inserting “In general.—Notwithstanding”; and

(B) 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

(4) by striking “paragraph (1)” each place it appears and inserting “subsection (a)”.