[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 1447 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 1447

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 14, 2019

Mr. Bennet (for himself, Mr. Boozman, Mr. Udall, Mr. King, Mr. Warner, 
  Mr. Moran, Ms. Collins, Ms. Stabenow, Ms. Klobuchar, Mr. Enzi, Mr. 
Leahy, Mr. Cramer, and Mr. Hoeven) 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 
2019''.

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 that 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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