Bush Again Suspends Action Against Foreign Firms Using Confiscated US Property in Cuba
President Bush has suspended for another six months a
provision in a 1996 law that would allow legal action against
foreign firms using confiscated U.S. properties in Cuba.
Mr. Bush formally notified Congress Thursday of his decision to
again suspend the Title III provision in the 1996 Helms-Burton
act.
The president said the waiver is necessary in the national
interests of the United States and will expedite a transition to
democracy in Cuba. President Bush last extended the waiver in
July.
President Clinton signed the Helms-Burton Act into law in
response to Cuba's downing of two small planes flown by
anti-Castro Cuban exiles from Miami. The Title III Provision has
been suspended every six months since the law took effect.
The waivers allow the United States to avoid potential disputes
with European Union nations whose firms have investments in
communist-run Cuba.
Some information for this report provided by AP and Reuters.