(Bloomberg) — The Trump administration extended a waiver to legislation that would allow U.S. lawsuits over property confiscated during the 1959 Cuban revolution, providing a reprieve to companies that feared they might face punishment for doing business in the country.
The Trump administration did include an exception to the waiver — lawsuits may be brought against Cuban entities that are included on the State Department’s Cuba Restricted List. That list includes entities under the control of Cuba’s military, intelligence or security services that are already subject to U.S. sanctions.
While the exception won’t directly impact foreign firms, it appeared aimed at spooking companies that may be weighing whether to ramp up business in Cuba. A State Department official, speaking to reporters on condition of anonymity Monday, warned that the waiver may not necessarily be extended when it expires April 17.