Report: Obama should loosen Cuba embargo by executive fiat

The report, issued Wednesday, lays out a series of steps that Obama can take without backing from Congress.

The president could create exceptions to trade prohibitions that would allow American businesses and vendors to buy art, merchandise and other products from verifiably independent Cuban sellers, according to the report.

Existing regulations could be amended to broaden the range of products that can be exported to the nation, the groups found.

The report also calls for expanded licensed travel for U.S. executives, legal experts and organizations that could help to create an infrastructure to support increased free-market trade.

Other recommendations call for sales of telecommunications hardware to Cuba and an allowance for the nation to request technical help from the International Monetary Fund  (IMF) or the International Development (IDB) in the area of market reforms.