GOP Senator Jerry Moran Leads New Push to End Cuban Embargo
GOP Senator Jerry Moran Leads New Push to End Cuban Embargo
By Rodrigo Ugarte (staff@latinpost.com)
First Posted: Jun 11, 2015 04:05 PM EDT
Republican Sen. Jerry Moran is continuing the push that Democratic Sen. Amy Klobuchar started to end the Cuban embargo. On Thursday, Sen. Moran, with Sen. Angus King, introduced the Cuba Trade Act, a new bipartisan attempt to allow American trade with Cuba that will be more palatable to the Republican majority in Congress.
Back in February, Sen. Klobuchar of Minnesota introduced her Freedom to Export to Cuba Act to end the half-century-old embargo on Cuba. Despite having bipartisan support, the bill languishes in the Senate. Yet, Sen. Moran of Kansas and Sen. King, an independent from Maine, hope to revive the push with a new bill that addresses some concerns of those against opening up to Cuba, McClatchy DC reported.
The new Cuba Trade Act introduced on Thursday "would grant the private sector the freedom to export U.S. goods and services to Cuba while protecting U.S. taxpayers from any risk or exposure associated with such trade," according to a press release from Sen. Moran office.
The bill allows American corporations, small businesses and farmers to free trade with the island. It also allows banks to give credit to Cuba but ensures the taxpayer does not have cover the costs if Cuba defaults. This provision -- as well as the one ensuring federal money is not spent promoting trade or market development in the island -- is meant to appeal to those unsure about ending the embargo.
More:
http://www.latinpost.com/articles/59163/20150611/gop-senator-jerry-moran-leads-new-push-end-cuban-embargo.htm
LBN:
http://www.democraticunderground.com/10141115807
