We expect the new Cuba regulations to be published in the next few days. They will determine how broadly the Presidents policy announcement will be interpreted and implemented. The policy shift requires the Treasury and Commerce departments to draw up revised rules governing exports, banking and travel between the two countries — and groups wasted little time in pressing regulators to act forcefully. “President Obama has said very clearly that he wants them to be bold and big, said Mavis Anderson, a senior associate with the Latin America Working Group . . . And while Latin American groups applauded the president for his actions Wednesday, they said there is still more to do before the relationship between the U.S. and Cuba can ever be considered normal. Luis Rumbaut, a spokesman for the Cuban American Alliance, called on Congress to take Cuba off the list of state sponsors of terrorism, amend the Trading with the Enemy Act and overturn the Helms-Burton Act, which strengthens and continues the U.S. embargo against Cuba.
Posted on: Thu, 15 Jan 2015 04:39:56 +0000