[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 634 Introduced in Senate (IS)]







109th CONGRESS
  1st Session
                                 S. 634

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.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 16, 2005

 Mr. Chambliss introduced the following bill; which was read twice and 
             referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 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.

    Section 908(b)(1)(A) of the Trade Sanctions Reform and Export 
Enhancement Act of 2000 (22 U.S.C. 7207(b)(1)(A)) is amended by 
inserting before the period at the end the following: ``, which in this 
subsection means the payment by the purchaser of an agricultural 
commodity or product and the receipt of the payment by the seller prior 
to--
                            ``(i) the transfer of title of the 
                        commodity or product to the purchaser; and
                            ``(ii) the release of control of the 
                        commodity or product to the purchaser.''.
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