On 14 April 2015, the White House announced that the United States would be removing Cuba's designation as a State Sponsor of Terrorism. By law, the change takes effect in 45 days. Congress may disapprove the change by joint resolution within that 45-day period; however, any such joint resolution would be subject to presidential veto. Removal from the terrorism list will not significantly change the scope of the U.S. embargo against Cuba, but it may assist Cuba's expected embassy in Washington, D.C., in finding a bank willing to handle its business and it may make third-country banks less reluctant to do business in Cuba. The delisting also will remove the requirement that the U.S. oppose any financing of Cuba at the IMF and World Bank and will enhance Cuba's ability to assert immunity from terrorism-related suits in the United States. In addition, Cuba's removal from the list eliminates an irritant to U.S.-Cuba relations that has hindered negotiations in the past. Once Cuba is removed from the list, Iran, Sudan and Syria will be the only three remaining terrorism-list governments. Our Client Update of 15 April 2015 has further details.