New Cuba Policies Draw Fine Line Between President’s Discretion and Congress’ Will

By Colby Adams

To see how carefully the White House must craft its rollback of sanctions targeting the Castro regime, consider this week's amendments to the 56-year-old Cuba embargo. The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) on Tuesday loosened restrictions against the island-nation for the fourth time in fifteen months, allowing Cuban residents and Cubans working in the United States to open accounts and remit funds at American financial institutions. Financial institutions in the United States are also now permitted to conduct u-turn transactions between their Cuban counterparts and other overseas banks provided the transfers don't directly involve American entities....