§ 6033. — Prohibition against indirect financing of Cuba.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 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.)
