FOR IMMEDIATE RELEASE
Gov. Hutchinson Sends Cuba Letter to Congressional Leadership; Urges Flexibility in Credit Extension
LITTLE ROCK – Governor Hutchinson today sent a letter to the majority and minority leadership in both chambers of Congress regarding his recent three-day trade mission to Cuba. In the letter, Governor Hutchinson urges Congress to allow “flexibility in credit extension” to the island country.
An excerpt of the letter is as follows:
“As Cuba recognizes benefits from eased restrictions, we must be able to similarly recognize benefits for Americans. In this area, Congress has an important role to play. The current cash-in-advance requirement limits a potential market of nearly $40 Million for Arkansas products alone. Allowing flexibility in credit extension is an important next step, and Congress can support enhanced livelihoods for Americans by moving the legislation cosponsored by Congressman Rick Crawford (H.R. 3687) and Senator John Boozman (S.1049), which provide financial flexibility to sell American commodities to Cuba.”
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