[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1254 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 1254

     To amend the Cuban Democracy Act of 1992 to limit provisions 
 restricting trade in food and to terminate the denial of foreign tax 
                      credit with respect to Cuba.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 15, 1995

  Mr. Rangel introduced the following bill; which was referred to the 
Committee on International Relations, and in addition to the Committee 
 on Ways and Means, for a period to be subsequently determined by the 
  Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
     To amend the Cuban Democracy Act of 1992 to limit provisions 
 restricting trade in food and to terminate the denial of foreign tax 
                      credit with respect to Cuba.

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

SECTION 1. LIMITATION OF PROVISIONS RESTRICTING TRADE IN FOOD.

    (a) International Cooperation.--Section 1704(b)(2)(B)(ii) of the 
Cuban Democracy Act of 1992 (22 U.S.C. 6003(b)(2)(B)(ii)) is amended by 
striking ``medicines or'' and inserting ``food (whether processed or 
unprocessed), medicines, or''.
    (b) Support for the Cuban People.--Section 1705(c) of the Cuban 
Democracy Act of 1992 (22 U.S.C. 6004(c)) is amended by striking 
``Exports'' and all that follows through ``Exports of medicines or'' 
and inserting ``Exports of Food, Medicines, and Medical Supplies.--
Exports of food (whether processed or unprocessed), medicines, or''.

SEC. 2. TERMINATION OF DENIAL OF FOREIGN TAX CREDIT WITH RESPECT TO 
              CUBA.

    Subparagraph (A) of section 901(j)(2) of the Internal Revenue Code 
of 1986 (relating to denial of foreign tax credit, etc., with respect 
to certain foreign countries) is amended by adding at the end thereof 
the following new flush sentence:
                ``Notwithstanding the preceding sentence, this 
                subsection shall not apply to Cuba after the date which 
                is 60 days after the date of the enactment of this 
                sentence.''.

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