LOSSES ARISING FROM CONFISCATION OF PROPERTY BY CUBA.

SEC. 238. LOSSES ARISING FROM CONFISCATION OF PROPERTY BY CUBA. Section 165 (relating to losses) is amended by redesignating subsection (i) as subsection (j) and by inserting after subsection (h) the following new subsection: “(i) Certain Property Confiscated by Cuba.—For purposes of this chapter, any loss of tangible property, if such loss arises from expropriation, intervention, seizure, or similar taking by the government of Cuba, any political subdivision thereof, or any agency or instrumentality of the foregoing, shall be treated as a loss from a casualty within the meaning of subsection (c) (3).”