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Cuba: we showed you the love, now show us the money - President Obama’s historic re-opening of diplomatic relations has set the stage for potentially significant new investment opportunities in Cuba. But we stress “potentially” as the Castro Brothers now seem to be slowing considerably with respect to any reforms. - Meanwhile, the US Congress is going to make sure there is no funding of the US Embassy and will be vigilant on any new business licenses granted by US Treasury for banking or foreign trade with Cuba. - What to watch for: Pope Francis — who was critical to the SUCCESS of the negotiations — “That hoard of capitalist investor’s should be just finished visit to Cuba and US. Will arriving...just... about... now.” there be further agreements to hasten better relations. Deutsche Bank Francis J. Kelly Global Public Affairs francis.j.kelly@db.com 26 HOUSE_OVERSIGHT_026820