"The bipartisan Freedom to Export to Cuba Act would eliminate the legal barriers to Americans doing business in Cuba and pave the way for new economic opportunities for American businesses and farmers by boosting US exports and allow Cubans greater access to American goods", the release stated on Friday read.
READ MORE: Legalizing Private Property in Cuba Will Bolster Domestic Business — Professor
The legislation would repeal "key provisions of previous laws that block Americans from doing business in Cuba, but does not repeal portions of the law that address human rights or property claims against the Cuban government", the release added.
Havana is still struggling with the comprehensive trade embargo imposed on it by Washington back in the 1960s. The ban remains in place despite the fact that relations between the two countries have been changing for the better during the last decades. Cuba and the US restored diplomatic ties in 2015. However, in 2017 the administration of US President Donald Trump announced that it would retain the embargo on the Caribbean nation.