Obama Defers Part of the Helms Burton Act for Another Year

HAVANA TIMES — US President Barack Obama extended for another year a moratorium on the full implementation of the Helms Burton Act, the terms of which were to expire on September 14, reported Prensa Latina.

Obama  cited “US national interests” as the reason to continue to put on hold on implementing part of the law adopted in August 1996, systematically repeated previously by presidents Bill Clinton and George W. Bush.

The Helms Burton has extraterritorial features, and if fully implemented would allow lawsuits to be filed against companies that trade with Cuba , deny entry into the US of executives from such companies, and grant rights to people whose property was nationalized by the Cuban government.

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