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The Joint Corporate Committee on Cuban Claims was formed in
1975 by a number of U.S. companies and individuals whose property
had been seized in Cuba. The mission of the Committee is to
ensure that valid U.S. claims are fairly settled, either through
the return of the property seized or the payment of monetary
compensation.
The Committee believes that the return of freedom and democracy
to the Cuban people, coupled with a fair and reasonable settlement
of the U.S. property claims, would rapidly accelerate new
investment in Cuba and contribute to the revitalization of
the Cuban economy. The Committee further believes that normalization
of trade and diplomatic relations between the United States
and Cuba should not occur unless it is preceded or accompanied
by a just settlement of these property claims.
David W. Wallace, Chairman
Joint Corporate Committee on Cuban Claims
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