Author: Michele Kelemen / Source: NPR.org
The White House is tightening a decades-old embargo on Cuba, but delaying a decision for another month that could put foreign companies invested on the island in legal jeopardy.
Title III of the 1996 Helms-Burton Act would let Americans — including Cubans who have since become U.
S. citizens — to sue companies that “traffic” in property confiscated by Cuba after the country’s 1959 Communist revolution.For now, the Trump administration is only allowing lawsuits against Cuban companies that are already blacklisted in the U.S. because they are tied to Cuba’s military and intelligence services. Foreign companies, however, are on edge, since Pompeo’s waiver only runs through April 17.
“Today I announce an exception to the 30-day suspension of #TitleIII of the Libertad Act,” Secretary of State Mike Pompeo wrote on Twitter, adding, “We must hold #Cuba accountable and make whole U.S. claimants for assets seized by the Cuban government. Doing business with Cuba is not worth trafficking in confiscated property.”
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