Sponsors (31)
The bill largely normalizes travel, remittances, and commercial relations with Cuba—benefiting families, travelers, and some U.S. businesses—but does so at the cost of reduced immediate sanctions leverage and increased compliance, security, and oversight risks that may shift costs to taxpayers and firms.
Cuban-American families and other U.S. remittance senders can send unlimited funds to relatives in Cuba, increasing household support and easing family transfers.
U.S. citizens and lawful residents can travel to and from Cuba under ordinary U.S. travel rules, restoring family, cultural, and business mobility.
U.S. exporters and importers (including farmers and small businesses) regain market access to Cuba and licensing pathways, opening new sales opportunities and supply sources.
Many Americans face reduced U.S. leverage and fewer sanctions tools to respond quickly to Cuban actions, weakening national-security and foreign-policy pressure points.
Remittances, exports, and eased financial flows could be diverted to illicit actors or strengthen Cuban government-controlled entities, increasing security and enforcement risks.
Banks, carriers, and U.S. businesses will face significant legal and compliance uncertainty and costs as sanctions rules, export controls, and enforcement practices are reworked or interact with remaining restrictions.
Based on analysis of 9 sections of legislative text.
Repeals many Cuba-specific sanctions, restores normal trade and tariff treatment, permits telecom links and travel, lifts remittance limits, and directs claim negotiations.
Official title: To lift the trade embargo on Cuba, and for other purposes.
Introduced February 12, 2026 by James P. McGovern · Last progress February 12, 2026
Removes many longstanding U.S. statutory restrictions on trade, travel, telecommunications, remittances, and certain legal remedies related to Cuba and directs the Executive Branch to negotiate property-claims settlements and human rights protections. It restores nondiscriminatory tariff treatment for Cuban goods, prohibits limits on remittances, authorizes U.S. common carriers to build and operate telecom links with Cuba, and protects travel-related transactions for lawful travel. The bill also narrows the Executive’s preexisting authorities under the Trading With the Enemy Act as applied to Cuba, preserves the President’s ability to impose export or IEEPA controls in the future only after a new national emergency or under existing export-control statutes, and makes technical and conforming changes to other statutes, including a targeted amendment to the Internal Revenue Code timing rule for certain foreign-country determinations.