The Trump administration is considering activating Title III of the Helms-Burton Act, and that has the Castro dictatorship defecating bricks. The provision allows individuals and entities whose property in Cuba was stolen at gunpoint by the Castro regime to seek legal recourse in court. Since the act became law in 1996, Title III has been suspended every 6 months by every president. But now you have Donald Trump as president.
Instead of the usual 6 months, Trump signed only a 45-day suspension this last time around. This has led many to believe Title III is about to come into full force (via Bloomberg):.
The U.S. president is expected to decide soon whether to activate a controversial section of American law toward Cuba for the first time ever, with other measures meant to tighten the screws on Havana likely to follow. The first move, known as Title III, would allow Cuban Americans to sue companies “trafficking” in property confiscated during the 1959 revolution in U.S. courts.
That would complicate Cuba’s attempts to bolster its economy by attracting foreign investors. The measure is one of the remaining pieces of leverage the U.S. has in its effort to pressure countries into paring support for Maduro’s regime, which has long depended on Cuban political and logistical backing that to some observers has more symbolic power than substantive impact.
The U.S. law is part of the Helms-Burton act, passed under the Clinton administration in the 1990s. Title III had been waived on a rolling six-month basis until last month, when the State Department broke the status quo with a 45-day suspension. It said it was assessing how best to respond to Cuba’s “brutal oppression of human rights” and “indefensible support” for authoritarian regimes in Venezuela and Nicaragua — the third member of what National Security Adviser John Bolton labels the “Troika of Tyranny.”
If and when Title III goes into effect, doing business with Cuba’s corrupt and murderous dictatorship is going to become a lot harder. Both American and international companies are going to have to deal with the legal risks of trafficking in stolen property, something they have not had to worry about in Cuba and have exploited for decades.
If foreign companies have to stop trafficking in stolen Cuban property, the Castro regime and its criminal operations lose a huge source of revenue. And nothing hurts socialists more than when you hit them in the wallet.