Congress considers ban on U.S. military contracts for companies doing business in Cuba
Congress considers ban on U.S. military contracts for companies doing business in Cuba
By Doreen Hemlock, Sun Sentinel
9:11 a.m. EDT, July 11, 2012
South Florida companies active in Cuba are worried about a measure in Congress that would ban them from U.S. Defense Department contracts if they keep up business with the island.
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Because many big companies do more business with theU.S. militarythan they do to Cuba, the measure could effectively end their budding sales to the Caribbean's largest island nation — unless defense officials offer a waiver, according to lawyers and consultants specializing in Cuba business.
Those affected could include U.S. companies licensed to sell in Cuba such as food giants ADM, Cargill, Perdue and Tyson; U.S. shipper Crowley; plus foreign giants including Brazil'sconstruction leader Odebrecht. Crowley operates shipping routes to Cuba from Port Everglades in Fort Lauderdale. Odebrecht is building the $360 million Metrorail project to Miami airport.
Hard-liners in Florida recently pushed a similar law banning state and local contracts of $1 million or more to companies dealing with Cuba. But that law recently was blocked by a federal judge, who said U.S. foreign policy was the domain of the federal government, not the realm of a state.
More:
http://www.sun-sentinel.com/business/fl-cuba-business-lockout-20120710,0,6679028.story
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that are not headquartered in the U.S., like Halliburton.
rocktivity
