[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1339 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 1339

To amend the Trade Sanctions Reform and Export Enhancement Act of 2000 
     to clarify allowable payment terms for sales of agricultural 
                   commodities and products to Cuba.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 16, 2005

 Mrs. Emerson introduced the following bill; which was referred to the 
 Committee on Financial Services, and in addition to the Committees on 
      International Relations and Agriculture, 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 Trade Sanctions Reform and Export Enhancement Act of 2000 
     to clarify allowable payment terms for sales of agricultural 
                   commodities and products to Cuba.

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

SECTION 1. CLARIFICATION OF PAYMENT TERMS FOR SALES OF AGRICULTURAL 
              COMMODITIES AND PRODUCTS TO CUBA UNDER THE TRADE 
              SANCTIONS REFORM AND EXPORT ENHANCEMENT ACT OF 2000.

    Subparagraph (A) of section 908(b)(1) of the Trade Sanctions Reform 
and Export Enhancement Act of 2000 (22 U.S.C. 7207(b)(1)(A)) is amended 
to read as follows:
                    ``(A) Payment of cash in advance, which as used 
                herein means the payment by the purchaser of an 
                agricultural commodity or product and the receipt of 
                such payment by the seller prior to--
                            ``(i) the transfer of title of such 
                        commodity or product to the purchaser; and
                            ``(ii) the release of control of such 
                        commodity or product to the purchaser.''.
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