Senate Finance Ranking Member Wyden releases legislation to repeal sanctions, establish normal trade relations with Cuba

Aims to repeal major statutes that codify sanctions against Cuba

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January 17, 2025

Senate Finance Committee Ranking Member Ron Wyden (D-OR) today introduced legislation—the U.S.-Cuba Trade Act of 2025—to repeal sanctions and establish normal trade relations with Cuba.

According to a Senate Finance Committee release,  Wyden introduced the bill following the Biden Administration's announcement that it was removing Cuba from the list of state sponsors of terrorism. Additionally, Cuba agreed to free a number of political prisoners.

The legislation aims to repeal major statutes that codify sanctions against Cuba It also seeks to establish normal trade relations with Cuba.

Read the bill text

For more information, contact a professional with KPMG Trade & Customs services:

Andrew Siciliano
Partner, U.S. & Global Practice Leader

E: asiciliano@kpmg.com

Doug Zuvich
Partner

E: dzuvich@kpmg.com

Irina Vaysfeld
Principal

E: ivaysfeld@kpmg.com

John L. McLoughlin
Principal

E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal

E: labad@kpmg.com

George Zaharatos
Principal

E: gzaharatos@kpmg.com

Christopher Young
Principal

E: christopheryoung@kpmg.com

Amie Ahanchian
Principal

E: aahanchian@kpmg.com

Gisele Belotto
Principal

E: gbelotto@kpmg.com

Steve Brotherton
Principal

E: sbrotherton@kpmg.com

Jessica Libby
Principal

E: jlibby@kpmg.com

Dawn Olesky
Principal

E: dolesky@pmg.com

Frances Xing
Principal

E: francesxing@kpmg.com

 

 

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