United States-Cuba Trade Act of 2026
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill, the United States-Cuba Trade Act of 2026, seeks to lift the longstanding trade embargo on Cuba and restore more normal trade relations. It removes restrictions on transactions involving confiscated assets, extends nondiscriminatory trade treatment to Cuban products, and allows for the resumption of remittances to Cuba. The bill also authorizes telecommunications services between the U.S. and Cuba and repeals several laws that have historically restricted U.S. engagement with Cuba, including the Cuban Democracy Act and the LIBERTAD Act.
Key provisions
- Repeals the trade embargo on Cuba and related restrictions.
- Allows for the resumption of remittances to Cuba.
- Authorizes common carriers to provide telecommunications services between the U.S. and Cuba.
- Extends nondiscriminatory trade treatment to Cuban products.
- Repeals the Cuban Democracy Act of 1992 and the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996.
- Permits the President to impose new export controls related to Cuba.
- Requires the President to report to Congress before denying a foreign tax credit.
- Allows for upgrades to telecommunications equipment and facilities in Cuba.
Who is affected
- U.S. Citizens
- Cuban Citizens
- U.S. Businesses
- Cuban Businesses
- Remittance senders and recipients
Notable changes
Bill text
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Sponsors
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30 on record
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Cosponsors
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