President Obama on Wednesday waived a portion of the 1996
Helms-Burton embargo law that would allow lawsuits against Cuban
businesses, following in the footsteps of Presidents Clinton and George
W. Bush.
The law allows U.S. courts to take up lawsuits against
businesses that operate on property the communist government
appropriated after coming to power in 1959. Like his predecessors, Obama
waived that provision for another six months, citing “national
interests.”
“I hereby determine and report to the Congress that
suspension, for 6 months beyond February 1, 2013, of the right to bring
an action under title III of the Act is necessary to the national
interests of the United States and will expedite a transition to
democracy in Cuba,” Obama wrote to lawmakers.
Obama has been opening the door for better relations with Cuba, relaxing limits on travel and remittances in his first term.
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