Sponsors (27)
The bill opens economic, travel, and communications ties with Cuba—benefitting travelers, remittance senders, consumers, and some businesses—while trading away some sanctions leverage and creating national‑security, compliance, fiscal, and enforcement risks that may fall on taxpayers, banks, and firms.
U.S. exporters and small businesses (including some government contractors) can sell to Cuba again, reopening a market and creating new revenue opportunities.
People in the U.S., especially Cuban‑American households, can send unlimited remittances to family in Cuba, increasing financial support for recipients and boosting household purchasing power there.
U.S. citizens and lawful residents can travel to and from Cuba and use ordinary travel‑related services and banking instruments (lodging, local transport, traveler's checks) without being blocked by federal travel restrictions when the travel is lawful in the U.S., reducing legal uncertainty for travelers.
People in the U.S. and taxpayers face increased national‑security and illicit‑finance risks because expanded remittance flows and greater U.S. telecom presence in Cuba can make it easier to move large sums or communications that evade sanctions or enable illicit activity.
U.S. foreign‑policy leverage over Cuba and the government's ability to use sanctions or travel/transaction restrictions would be weakened, reducing tools to press for political or human‑rights reforms.
Banks, carriers, exporters, and other U.S. firms will face legal, compliance, and reputational risks and uncertainty (conflicts with existing sanctions/export controls, new compliance costs, and potential liability) when operating with Cuba.
Based on analysis of 9 sections of legislative text.
Repeals many U.S. legal restrictions on Cuba, restores normal trade and travel, allows telecom and carrier activity, lifts remittance caps, and requires negotiations on property claims and human rights.
Introduced February 12, 2026 by James P. McGovern · Last progress February 12, 2026
Repeals long-standing U.S. statutory restrictions on trade, travel, remittances, and many sanctions targeting Cuba; restores nondiscriminatory tariff treatment for Cuban goods; allows U.S. carriers and telecommunications firms to operate in and with Cuba; and bars the Treasury from limiting remittances. It also directs the President to negotiate settlements for U.S. property claims against Cuba and to seek protections for internationally recognized human rights. Most provisions take effect 60 days after enactment (with trade tariff changes effective 15 days after enactment and certain tax-rule timing changes effective as specified). The bill preserves the U.S. government’s ability to impose export controls or declare new emergencies for post‑enactment threats and preserves criminal liability for money‑laundering statutes.