The amendment is an effort to overturn a 2005 Treasury Department decision that tightened restrictions on Cuban purchases of U.S. products.
Cuba must prepay for U.S. goods in cash before a vessel with the exports departs, rather than paying upon arrival.
Rep. Jerry Moran, R-Kansas, said that since the rule went into effect, U.S. corn sales to Cuba dropped 21 percent, meat sales were off 26 percent, and wheat sales were down 17 percent. Moran said the Treasury Department decision was 'only harmful to our farmers.'
Although the House approved the amendment on payment requirements, it rejected proposed amendments to end the Cuban trade embargo and to ease student travel to Cuba. Another amendment to overturn restrictions on religious travel was withdrawn by Arizona Republican Jeff Flake, presumably because it would have been defeated, the report said.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now