§6033 Prohibition Against Indirect Financing of Cuba

Summary

U.S. citizens, green card holders, and U.S. agencies must not knowingly lend money, give credit, or otherwise finance deals that involve Cuban property that was seized when a U.S. person had a claim on it on March 12, 1996. The only exception is if the U.S. claimant themselves provides the financing for a deal 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 also ends when the economic embargo of Cuba ends under section 6064. Breaking the rule can bring civil fines like those under the Cuban Assets Control Regulations (31 CFR part 515). Definitions: permanent resident alien — a person lawfully admitted for permanent residence; United States agency — as defined in section 551(1) of title 5.