HR7521119th CongressWALLET

United States-Cuba Trade Act of 2026

Sponsored By: Representative McGovern

Introduced

Summary

Ends the U.S. embargo on Cuba and restores normal trade and travel. This bill would repeal decades of Cuba-specific sanctions and rewrite U.S. rules on trade, remittances, telecommunications, and property claims.

Show full summary
  • U.S. families and travelers: U.S. citizens and residents could travel to Cuba when travel is lawful and send remittances without Cuba-specific limits. The bill preserves anti-money laundering enforcement and lists ordinary travel transactions and normal banking for trips as allowed.
  • Businesses and markets: U.S. exporters, telecom firms, and sugar traders would gain access through restored nondiscriminatory trade treatment and removed sugar quotas. Telecom companies and common carriers could install, upgrade, and repair communications infrastructure and provide services between the United States and Cuba.
  • Government, claims, and trade rules: The bill would repeal or displace many embargo authorities across multiple statutes and direct the President to negotiate settlements of U.S. nationals' property claims while seeking protections for internationally recognized human rights. Most changes would take effect 60 days after enactment and certain tariff changes would apply 15 days after enactment.

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Bill Overview

Analyzed Economic Effects

8 provisions identified: 6 benefits, 0 costs, 2 mixed.

Change trigger for foreign tax credits

If enacted, the bill would make the President's report to Congress the official date for denying foreign tax credits for a country. The change would apply only to determinations made after enactment and would not change how credits apply for countries already determined before enactment. Taxpayers could therefore keep credits until the President reports a new determination.

Restore normal trade with Cuba

If enacted, this bill would remove Cuba-specific export bans and give Cuban products nondiscriminatory tariff treatment. Goods entered or withdrawn for consumption on or after the 15th day after enactment would follow new tariff rules. Most other changes would take effect 60 days after enactment. The bill would also let the President impose export controls or use emergency powers for Cuba only after a new national emergency declaration that did not exist before enactment.

Allow unlimited remittances to Cuba

If enacted, the bill would stop Treasury from limiting how much money U.S. persons can send to Cuba. The Secretary would be required to rescind any regulations in effect on the date of enactment that impose remittance caps. The change would take effect 60 days after enactment. Money-laundering and related criminal laws would still apply.

End Cuba-era sanctions and rules

If enacted, this bill would repeal the Cuban Democracy Act (1992) and the LIBERTAD Act (1996). It would also stop use of certain Trading With the Enemy Act authorities for Cuba and remove specific embargo and quota authorities. These repeals would take effect 60 days after enactment. The changes could ease visa rules and claims processes for affected people and entities.

Protect lawful travel to Cuba

If enacted, the bill would prohibit U.S. rules from blocking travel to or from Cuba by U.S. citizens and residents when that travel would be lawful in the United States. It would also bar restrictions on transactions ordinarily incident to such travel, like maintenance in Cuba and normal foreign-currency banking transactions. The protection would start 60 days after enactment.

President to negotiate Cuban claims

If enacted, the bill would direct the President to pursue negotiations with Cuba to settle U.S. nationals' claims for taken property and to seek protection of internationally recognized human rights. The terms 'national of the United States' and 'property' would be defined by reference to the International Claims Settlement Act of 1949. The directive would begin 60 days after enactment and would not itself create immediate payments.

Allow U.S. telecom service to Cuba

If enacted, the bill would let qualifying common carriers install, maintain, repair, and upgrade telecommunications equipment and facilities in Cuba. It would also let them provide telecommunications services between the United States and Cuba. The change would take effect 60 days after enactment and would apply to entities that meet the Communications Act definition of a common carrier.

Change aid rules for former Soviet states

If enacted, the bill would revise several text provisions that control U.S. assistance to certain former Soviet countries. The edits would delete and redesignate specific paragraphs and remove a named subsection. These changes would take effect 60 days after enactment and mainly affect which foreign recipients are eligible for U.S. aid.

Sponsors & CoSponsors

Sponsor

McGovern

MA • D

Cosponsors

  • Velazquez

    NY • D

    Sponsored 2/12/2026

  • DeLauro

    CT • D

    Sponsored 2/12/2026

  • Pocan

    WI • D

    Sponsored 2/12/2026

  • Omar

    MN • D

    Sponsored 2/12/2026

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 2/12/2026

  • Johnson (GA)

    GA • D

    Sponsored 2/12/2026

  • Ramirez

    IL • D

    Sponsored 2/12/2026

  • Moore (WI)

    WI • D

    Sponsored 2/12/2026

  • Tlaib

    MI • D

    Sponsored 2/12/2026

  • Casar

    TX • D

    Sponsored 2/12/2026

  • Ocasio-Cortez

    NY • D

    Sponsored 2/12/2026

  • Dean (PA)

    PA • D

    Sponsored 2/12/2026

  • Lynch

    MA • D

    Sponsored 2/12/2026

  • Simon

    CA • D

    Sponsored 2/12/2026

  • Jayapal

    WA • D

    Sponsored 2/12/2026

  • DeSaulnier

    CA • D

    Sponsored 2/12/2026

  • Cohen

    TN • D

    Sponsored 2/12/2026

  • Waters

    CA • D

    Sponsored 2/13/2026

  • Moulton

    MA • D

    Sponsored 2/23/2026

  • Pressley

    MA • D

    Sponsored 2/24/2026

  • Schakowsky

    IL • D

    Sponsored 3/4/2026

  • Garcia (IL)

    IL • D

    Sponsored 3/5/2026

  • Jackson (IL)

    IL • D

    Sponsored 3/27/2026

Roll Call Votes

No roll call votes available for this bill.

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