Senate bill would lift the U.S. trade embargo on Cuba

What does this do?

This bill would repeal laws that have blocked trade, travel, and financial dealings between the U.S. and Cuba for decades. Americans could travel to Cuba, use normal banking for that travel, and send unlimited amounts of money to the island, though anti-money-laundering rules would still apply. Cuban goods would be taxed at the same rates as goods from most other countries, and U.S. companies could offer telecommunications services in Cuba.

Who does it affect?

This bill affects American businesses interested in trading with or investing in Cuba, Cuban Americans who send money to family on the island, and travelers. It also directs the President to negotiate with Cuba on property claims by American citizens and on human rights protections.

Why does it matter?

If passed, trade and travel between the two countries could resume in ways that have not been legally possible for decades. The President would also be required to pursue formal talks with Cuba on unresolved property and human rights issues.

Where does it stand?