[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 1049 Introduced in Senate (IS)]

114th CONGRESS
  1st Session
                                S. 1049

      To allow the financing by United States persons of sales of 
                   agricultural commodities to Cuba.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 22, 2015

   Ms. Heitkamp (for herself, Mr. Boozman, Mr. Udall, and Mr. Flake) 
introduced the following bill; which was read twice and referred to the 
            Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
      To allow the financing by United States persons of sales of 
                   agricultural commodities to Cuba.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Agricultural Export Expansion Act of 
2015''.

SEC. 2. FINANCING OF SALES OF AGRICULTURAL COMMODITIES TO CUBA.

    (a) In General.--Notwithstanding any other provision of law (other 
than section 908 of the Trade Sanctions Reform and Export Enhancement 
Act of 2000 (22 U.S.C. 7207), as amended by subsection (c)), a person 
subject to the jurisdiction of the United States may provide payment or 
financing terms for sales of agricultural commodities to Cuba or an 
individual or entity in Cuba.
    (b) Definitions.--In this section:
            (1) Agricultural commodity.--The term ``agricultural 
        commodity'' has the meaning given the term in section 102 of 
        the Agricultural Trade Act of 1978 (7 U.S.C. 5602).
            (2) Financing.--The term ``financing'' includes any loan or 
        extension of credit.
    (c) Conforming Amendment.--Section 908 of the Trade Sanctions 
Reform and Export Enhancement Act of 2000 (22 U.S.C. 7207) is amended--
            (1) in the section heading, by striking ``and financing'';
            (2) by striking subsection (b);
            (3) in subsection (a)--
                    (A) by striking ``Prohibition'' and all that 
                follows through ``(1) In general.--Notwithstanding'' 
                and inserting ``In General.--Notwithstanding''; and
                    (B) by redesignating paragraphs (2) and (3) as 
                subsections (b) and (c), respectively, and by moving 
                those subsections, as so redesignated, 2 ems to the 
                left; and
            (4) by striking ``paragraph (1)'' each place it appears and 
        inserting ``subsection (a)''.
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