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.
About This Bill
Committee
Latest Action · April 11, 2005
Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
Amends the Trade Sanctions Reform and Export Enhancement Act of 2000 with respect to agricultural sales to Cuba to define permitted payment of cash in advance sales as the payment by the purchaser of an agricultural commodity or product and the receipt of such payment by the seller prior to: (1) transfer of title to the purchaser; and (2) release of control to the purchaser.
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