Title 22 — Foreign Relations and Intercourse
Chapter 69A — Cuban Liberty and Democratic Solidarity (libertad)
§ 6033. Prohibition against indirect financing of Cuba
Statutory text
Prohibition
Notwithstanding any other provision of law, no loan, credit, or other financing may be extended knowingly by a United States national, a permanent resident alien, or a United States agency to any person for the purpose of financing transactions involving any confiscated property the claim to which is owned by a United States national as of , except for financing by the United States national owning such claim for a transaction permitted under United States law.
Suspension and termination of prohibition
Suspension
The President is authorized to suspend the prohibition contained in subsection (a) upon a determination made under section 6063(c)(1) of this title that a transition government in Cuba is in power.
Termination
The prohibition contained in subsection (a) shall cease to apply on the date on which the economic embargo of Cuba terminates as provided in section 6064 of this title.
Penalties
Violations of subsection (a) shall be punishable by such civil penalties as are applicable to violations of the Cuban Assets Control Regulations set forth in part 515 of title 31, Code of Federal Regulations.
Definitions
As used in this section—
the term “permanent resident alien” means an alien lawfully admitted for permanent residence into the United States; and
the term “United States agency” has the meaning given the term “agency” in section 551(1) of title 5.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996
Pub. L. 104–114 title I § 103 · 110 Stat. 785
Enacted · 22 U.S.C. § 6033
(Pub. L. 104–114, title I, § 103, Mar. 12, 1996, 110 Stat. 794.)
Source evidence
Code source credit
(Pub. L. 104–114, title I, § 103, Mar. 12, 1996, 110 Stat. 794.)Enacted provision · exact public law section
SEC. 103. PROHIBITION AGAINST INDIRECT FINANCING OF CUBA. (a) Prohibition.— Notwithstanding any other provision of law, no loan, credit, or other financing may be extended knowingly by a United States national, a permanent resident alien, or a United States agency to any person for the purpose of financing transactions involving any confiscated property the claim to which is owned by a United States national as of the date of the enactment of this Act, except for financing by the United States national owning such claim for a transaction permitted under United States law. (b) Suspension and Termination of Prohibition.— (1) Suspension.— The President is authorized to suspend the prohibition contained in subsection (a) upon a determination macle under section 203(c)(1) that a transition government in Cuba is in power. (2) Termination.— The prohibition contained in subsection (a) shall cease to apply on the date on which the economic embargo of Cuba terminates as provided in section 204. (c) Penalties.— Violations of subsection (a) shall be punishable by such civil penalties as are applicable to violations of the Cuban Assets Control Regulations set forth in part 515 of title 31, Code of Federal Regulations. (d) Definitions.— As used in this section— (1) the term “permanent resident alien” means an alien lawfully admitted for permanent residence into the United States; and (2) the term “United States agency” has the meaning given the term “agency” in section 551(1) of title 5, United States Code.
1 of 1 references resolved to an enrolled provision