Today, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced the issuance of their eagerly awaited amendments to the Cuban Assets Control Regulations (CACR) and the Export Administration Regulations (EAR), respectively.  These amendments implement the President’s policy to significantly ease restrictions on U.S. trade and investment with Cuba, announced in December 2014.  Effective January 16, 2015, these amendments open the island to American travel for the first time in decades and offer new opportunities for companies seeking to do business with Cuba.