Us Code § 6033 - Prohibition against indirect financing of Cuba
Full text of Us Code United States Code § 6033 — Prohibition against indirect financing of Cuba, with citation guidance and answers to common questions.
§ 6033. Prohibition against indirect financing of Cuba
(a) Prohibition
Notwithstanding any other provision of law, no loan, credit, or other financing may be extended knowingly by a United States national, a permanent resident alien, or a United States agency to any person for the purpose of financing transactions involving any confiscated property the claim to which is owned by a United States national as of March 12, 1996, except for financing by the United States national owning such claim for a transaction permitted under United States law.
(b) Suspension and termination of prohibition
(1) Suspension
The President is authorized to suspend the prohibition contained in subsection (a) upon a determination made under section 6063(c)(1) of this title that a transition government in Cuba is in power.
(2) Termination
The prohibition contained in subsection (a) shall cease to apply on the date on which the economic embargo of Cuba terminates as provided in section 6064 of this title.
(c) Penalties
Violations of subsection (a) shall be punishable by such civil penalties as are applicable to violations of the Cuban Assets Control Regulations set forth in part 515 of title 31, Code of Federal Regulations.
(d) Definitions
As used in this section—
(1) the term "permanent resident alien" means an alien lawfully admitted for permanent residence into the United States; and
(2) the term "United States agency" has the meaning given the term "agency" in section 551(1) of title 5.
(Pub. L. 104–114, title I, §103, Mar. 12, 1996, 110 Stat. 794.)
About This Section
22 U.S.C. § 6033 is part of Title 22 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
This section may be cited in legal writing as 22 U.S.C. § 6033. For the most current official text, including any recent amendments, use the official source links below. Do not rely on this page as the sole authority for legal citation or litigation.
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