(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Travel Restriction Reform and Export Enhancement Act - Prohibits the President from regulating or prohibiting travel to or from Cuba by U.S. citizens or lawful permanent residents or any transactions incident to such travel.
States that: (1) any regulation restricting or prohibiting such Cuban travel shall have no effect; and (2) such prohibition shall not apply in time of war or armed hostilities between the United States and Cuba, or of imminent danger to the public health or the physical safety of U.S. citizens or legal residents.
Makes such provisions applicable notwithstanding specified sections of the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 and the Trade Sanctions Reform and Export Enhancement Act of 2000.
Amends the Trade Sanctions Reform and Export Enhancement Act of 2000 to define "payment of cash in advance" as the payment by the purchaser of an agricultural commodity or product and the receipt of such payment by the seller prior to: (1) the transfer of title of such commodity or product to the purchaser; and (2) the release of control of such commodity or product to the purchaser.
Prohibits the President from restricting direct transfers from a Cuban financial institution to a U.S. financial institution executed in payment for a product authorized for sale under the Trade Sanctions Reform and Export Enhancement Act of 2000.