A bill to require limitations and restrictions concerning trade and other transactions with Cuba.

Prohibits the issuance of a license to U.S.-owned firms to carry on certain trade activities with Cuba. Subjects U.S. vessels which enter a Cuban port to engage in trade to seizure, forfeiture, and sale by the United States.

Authorizes the President, beginning October 1, 1991, to withhold economic support fund assistance under the Foreign Assistance Act of 1961 from any country equal to the value of sales of sugar from Cuba imported by such country in the preceding fiscal year. Expresses the sense of the Congress that the President should urge countries that import sugar from Cuba and do not receive such U.S. assistance to import it from other Central American or Caribbean countries with democratic governments.

Amends the Trading With the Enemy Act to authorize the Secretary of the Treasury to impose civil penalties for violations of this Act.