§ 7207. Prohibition on United States assistance and financing
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(a)Prohibition on United States assistance
(1)In general Notwithstanding any other provision of law, no United States Government assistance, including United States foreign assistance, United States export assistance, and any United States credit or guarantees shall be available for exports to Cuba or for commercial exports to Iran, Libya, North Korea, or Sudan.
(2)Rule of construction Nothing in paragraph
(1)shall be construed to alter, modify, or otherwise affect the provisions of section 6039 of this title or any other provision of law relating to Cuba in effect on the day before October 28, 2000.
(3)Waiver The President may waive the application of paragraph
(1)with respect to Iran, Libya, North Korea, and Sudan to the degree the President determines that it is in the national security interest of the United States to do so, or for humanitarian reasons.
(b)Prohibition on financing of agricultural sales to Cuba
(1)In general No United States person may provide payment or financing terms for sales of agricultural commodities or products to Cuba or any person in Cuba, except in accordance with the following terms (notwithstanding part 515 of title 31, Code of Federal Regulations, or any other provision of law):
(A)Payment of cash in advance.
(B)Financing by third country financial institutions (excluding United States persons or Government of Cuba entities), except that such financing may be confirmed or advised by a United States financial institution.
Nothing in this paragraph authorizes payment terms or trade financing involving a debit or credit to an account of a person located in Cuba or of the Government of Cuba maintained on the books of a United States depository institution.
(2)Penalties Any private person or entity that violates paragraph
(1)shall be subject to the penalties provided in the Trading With the Enemy Act [50 U.S.C. 4301 et seq.] for violations under that Act.
(3)Administration and enforcement The President shall issue such regulations as are necessary to carry out this section, except that the President, in lieu of issuing new regulations, may apply any regulations in effect on October 28, 2000, pursuant to the Trading With the Enemy Act [50 U.S.C. 4301 et seq.], with respect to the conduct prohibited in paragraph (1).
(4)Definitions In this subsection—
(A)the term “financing” includes any loan or extension of credit;
(B)the term “United States depository institution” means any entity (including its foreign branches or subsidiaries) organized under the laws of any jurisdiction within the United States, or any agency, office or branch located in the United States of a foreign entity, that is engaged primarily in the business of banking (including a bank, savings bank, savings association, credit union, trust company, or United States bank holding company); and
(C)the term “United States person” means the Federal Government, any State or local government, or any private person or entity of the United States.
(Pub. L. 106–387, § 1(a) [title IX, § 908], Oct. 28, 2000, 114 Stat. 1549, 1549A–70.)
Connections55 cite this · traces to 3
Cited by 55 sections · top 45
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- Public Law 115–334To provide for the reform and continuation of agricultural and other programs of the Department of Agriculture through fiscal year 2023, and for other purposes
- Public Law 111–117Making appropriations for the Departments of Transportation, and Housing and Urban Development, and related agencies for the fiscal year ending September 30, 2010, and for other purposes
bill
- Sec. 3Removal of provisions restricting trade and other relations with Cuba
- Sec. 3Removal of provisions restricting trade and other relations with Cuba
- Sec. 2Clarification of payment terms under the Trade Sanctions Reform and Export Enhancement Act of 2000
- Sec. 3Removal of provisions restricting trade and other relations with Cuba
- Sec. 2Removal of provisions restricting trade with Cuba
- Sec. 3Modification of prohibition on United States assistance and financing for certain exports to Cuba under the Trade Sanctions Reform and Export Enhancement Act of 2000
- Sec. 3Removal of provisions restricting trade and other relations with Cuba
- Sec. 2Clarification of payment terms under the Trade Sanctions Reform and Export Enhancement Act of 2000
- Sec. 2Financing of sales of agricultural commodities to Cuba
- Sec. 2Removal of provisions restricting trade with Cuba
- Sec. 638
- Sec. 638
- Sec. 2Removal of provisions restricting trade and other relations with Cuba
- Sec. 634
- Sec. 3Removal of provisions restricting trade and other relations with Cuba
- Sec. 2Removal of provisions restricting trade with Cuba
- Sec. 3Modification of prohibition on United States assistance and financing for certain exports to Cuba under the Trade Sanctions Reform and Export Enhancement Act of 2000
- Sec. 2Clarification of payment terms under the Trade Sanctions Reform and Export Enhancement Act of 2000
- Sec. 2Removal of provisions restricting trade and other relations with Cuba
- Sec. 2Removal of provisions restricting trade and other relations with Cuba
- Sec. 2Financing of sales of agricultural commodities to Cuba
- Sec. 2Removal of provisions restricting trade with Cuba
- Sec. 3201Priority trade promotion, development, and assistance
- Sec. 3201Agricultural trade promotion and facilitation
- Sec. 3Modification of prohibition on United States assistance and financing for certain exports to Cuba under the Trade Sanctions Reform and Export Enhancement Act of 2000
- Sec. 3Removal of provisions restricting trade and other relations with Cuba
- Sec. 2Financing of sales of agricultural commodities to Cuba
- Sec. 2Removal of provisions restricting trade and other relations with Cuba
- Sec. 3Removal of provisions restricting trade and other relations with Cuba
- Sec. 2Removal of provisions restricting trade and other relations with Cuba
- Sec. 2Removal of provisions restricting trade and other relations with Cuba
- Sec. 2Removal of provisions restricting trade and other relations with Cuba
- Sec. 2Removal of provisions restricting trade and other relations with Cuba
5 references not yet in our index
- Pub. L. 106–387, § 1(a) [title IX, § 908]
- 114 Stat. 1549
- act Oct. 6, 1917, ch. 106
- 40 Stat. 411
- Public Law 106–387
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cites case law
§ 7207
Prohibition on United States assistance and financing
Bills×40
Fed. Reg.×6
U.S.C.×3
Stat. Comp.×2
Stat.×2
Pub. L.×1
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Pub. L.Pub. L. 106–387, § 1(a) [title IX, § 908]
Stat.114 Stat. 1549
Actact Oct. 6, 1917, ch. 106
Stat.40 Stat. 411
Pub. L.Public Law 106–387
Cites 8Cited by 55 across 7 sources