Diaz-Balart: Title III Revision is a Major Step in Right Direction
WASHINGTON – Congressman Mario Diaz-Balart (FL-25) issued the following statement after the U.S. Department of State announced that the Secretary determined, for the first time since the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act’s enactment, to extend the statutory extension authority for only 45 days.
“The Trump administration’s unprecedented move to shorten the duration of Title III’s statutory suspension authority should serve as a signal to those who continue to break U.S. law by trafficking in confiscated properties. Those whose properties were stolen by the Castro regime have endured the loss for decades, while unscrupulous entities partner with the regime to profit from that theft.
“Since 1996, businesses who decided to exploit these confiscated properties with the regime have been on notice that lawsuits to protect the rights of American property holders are inevitable. However, the decision by successive administrations to exercise the statute’s suspension authority may have lulled some into a false sense of impunity. Today’s decision is a firm step in the right direction, and I commend President Trump and Secretary Pompeo for their bold leadership. I look forward to continuing to work with the administration to ensure that those who profit from trafficking in stolen property are held accountable, and that the victims receive the justice which is long overdue.”
In the past, the suspension authority has been extended every six months in every administration since President Bill Clinton.