§6033 Prohibition Against Indirect Financing of Cuba

Summary

U.S. citizens, lawful permanent residents, and U.S. agencies must not knowingly lend money, give credit, or otherwise finance anyone to buy or deal in property that was taken and claimed by a U.S. national as of March 12, 1996. The only exception is if the U.S. claimant himself provides the financing for a transaction that U.S. law allows. The President can pause this ban if he finds a transition government is in power in Cuba under section 6063(c)(1). The ban ends when the Cuba economic embargo ends under section 6064. Violations can bring civil fines like those under the Cuban Assets Control Regulations (part 515 of title 31, Code of Federal Regulations). Definitions: "permanent resident alien" = someone lawfully admitted for permanent residence; "United States agency" = as defined in section 551(1) of title 5.