US Sanctions Expansion and Investment Ban to Support Nicaraguan Human Rights.
This Act significantly expands and extends US economic sanctions against the Nicaraguan government, targeting key revenue sectors like gold and coffee. It also prohibits new US investments in Nicaragua, aiming to pressure the regime to cease human rights abuses, release political prisoners, and hold free elections. The law mandates diplomatic efforts to restrict international loans benefiting the Nicaraguan government and provides support for democracy programs.
Key points
US sanctions are expanded to target crucial Nicaraguan economic sectors (gold, cattle, coffee) to cut off revenue streams for the regime.
New US investments in any sector of the Nicaraguan economy are prohibited for US citizens and companies, with exceptions for humanitarian aid.
The US commits to supporting democracy programs and pushing for extended UN investigations into human rights violations in Nicaragua.
The law requires a review of Nicaragua's participation in the CAFTA-DR free trade agreement due to human rights violations.
Expired
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