The President may waive the requirements of section 6005 of this title if the President determines and reports to the Congress that the Government of Cuba-
(1) has held free and fair elections conducted under internationally recognized observers;
(2) has permitted opposition parties ample time to organize and campaign for such elections, and has permitted full access to the media to all candidates in the elections;
(3) is showing respect for the basic civil liberties and human rights of the citizens of Cuba;
(4) is moving toward establishing a free market economic system; and
(5) has committed itself to constitutional change that would ensure regular free and fair elections that meet the requirements of paragraph (2).
If the President makes a determination under subsection (a), the President shall take the following actions with respect to a Cuban Government elected pursuant to elections described in subsection (a):
(1) To encourage the admission or reentry of such government to international organizations and international financial institutions.
(2) To provide emergency relief during Cuba's transition to a viable economic system.
(3) To take steps to end the United States trade embargo of Cuba.
(