
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC6033]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
     CHAPTER 69A--CUBAN LIBERTY AND DEMOCRATIC SOLIDARITY (LIBERTAD)
 
 SUBCHAPTER I--STRENGTHENING INTERNATIONAL SANCTIONS AGAINST THE CASTRO 
                               GOVERNMENT
 
Sec. 6033. Prohibition against indirect financing of Cuba


(a) Prohibition

    Notwithstanding any other provision of law, no loan, credit, or 
other financing may be extended knowingly by a United States national, a 
permanent resident alien, or a United States agency to any person for 
the purpose of financing transactions involving any confiscated property 
the claim to which is owned by a United States national as of March 12, 
1996, except for financing by the United States national owning such 
claim for a transaction permitted under United States law.

(b) Suspension and termination of prohibition

                           (1) Suspension

        The President is authorized to suspend the prohibition contained 
    in subsection (a) of this section upon a determination made under 
    section 6063(c)(1) of this title that a transition government in 
    Cuba is in power.

                           (2) Termination

        The prohibition contained in subsection (a) of this section 
    shall cease to apply on the date on which the economic embargo of 
    Cuba terminates as provided in section 6064 of this title.

(c) Penalties

    Violations of subsection (a) of this section shall be punishable by 
such civil penalties as are applicable to violations of the Cuban Assets 
Control Regulations set forth in part 515 of title 31, Code of Federal 
Regulations.

(d) Definitions

    As used in this section--
        (1) the term ``permanent resident alien'' means an alien 
    lawfully admitted for permanent residence into the United States; 
    and
        (2) the term ``United States agency'' has the meaning given the 
    term ``agency'' in section 551(1) of title 5.

(Pub. L. 104-114, title I, Sec. 103, Mar. 12, 1996, 110 Stat. 794.)
