In the spring of 2011, the party leadership in Cuba adopted a sweeping set of economic reforms proposed by Raúl Castro ranging from licensing private economic activity and encouraging foreign investment to cutting unemployment benefits and reducing 500,000 to 1 million state employees. Earlier in the year, the Obama Administration loosened travel restrictions to Cuba and announced new regulations that allow Americans to transfer up to $2,000 a year to any Cuban who is not part of the government or its leadership. This panel explores the status of economic reforms in Cuba and the implications of these reforms for Cuba, the US, and Cuban American relations. Series: "Cuba and California: Prospects for Change and Opportunity" [Public Affairs] [Show ID: 24443]