The Restoring Sovereignty and Human Rights in Nicaragua Act of 2023 aims to extend and enhance previous U.S. laws to hold the Nicaraguan government accountable for human rights abuses, impose sanctions, restrict investments that benefit the government, and promote human rights and democracy in Nicaragua.

The section provides definitions for key terms used in the Act. It specifies that "appropriate congressional committees" include certain Senate and House committees related to foreign relations and financial services, and defines "United States person" as U.S. citizens, nationals, lawful permanent residents, as well as corporations and partnerships formed under U.S. law.

The section outlines serious concerns about Nicaragua's government, including violations of religious freedom, attacks on the Catholic Church, political imprisonment, and its alignment with Russia and China. It highlights the need for U.S. actions like sanctions and multilateral collaboration to address these issues.

The section expresses the opinion of Congress that the U.S. should work with international partners to apply sanctions on people involved with Nicaragua's authoritarian regime and to highlight issues of human rights and democracy in the country. It also suggests that global organizations like the United Nations and the International Red Cross should improve the treatment of political prisoners and document human rights violations in Nicaragua.

The section updates the Nicaraguan Investment Conditionality Act of 2018 by extending its authorities from 2023 to 2028.

The section seeks to enhance economic sanctions on sectors of the Nicaraguan economy that generate revenue for the Ortega family by amending the Nicaraguan Investment Conditionality Act of 2018. It specifically targets the gold, cattle, and coffee sectors, and allows the Secretary of the Treasury, in consultation with the Secretary of State, to identify other economic sectors for sanctions.

The section proposes expanding the reasons for imposing sanctions connected to the Nicaraguan government's actions against the Catholic Church, political prisoners, and those aiding the Russian invasion of Ukraine. It also modifies how sanctions prioritize officials of Nicaragua's Military Institute of Social Security.

The bill modifies the Nicaragua Investment Conditionality Act of 2018 to include a new subsection that requires the U.S. Secretary of State, in collaboration with the Secretary of the Treasury, to work with other countries that are partners of the U.S. and members of the Central American Bank for Economic Integration (CABEI). The goal is to block or closely scrutinize any loans or assistance that CABEI might give to Nicaragua and to ensure those funds are managed independently of the Nicaraguan government.

The policy of the United States is to address the political crisis in Nicaragua by ensuring free and fair elections with international observers, stopping violence against civilians by police and armed groups supporting the government, and conducting independent investigations into the deaths of protesters.

The bill requires the Secretary of State, with the United States Trade Representative, to submit a yearly report to Congress about Nicaragua's role in the Dominican Republic-Central American-United States Free Trade Agreement (CAFTA-DR). The report should evaluate benefits received by the Nicaraguan government, note any commitment breaches, and decide if Nicaragua is a nonmarket economy according to the Trade Act of 1974.

The section prohibits any American from investing in Nicaragua's economy after the enactment of the Act, with penalties for violations, but allows exceptions for U.S. intelligence activities and humanitarian transactions. The President can waive this prohibition if it benefits national security and must notify Congress if they do so.

The section states that the rules in this title will stop being in effect once the President confirms to the relevant congressional committees that the political crisis in Nicaragua has been resolved, as specified in section 201.

The President can give grants to nonprofit organizations to support human rights and democracy programs in Nicaragua, excluding any group linked to the Ortega regime. These projects must be coordinated with Nicaraguan opposition members, and a report on the actions taken must be submitted annually until 2028.

The section instructs the United States to urge the United Nations to continue supporting human rights efforts in Nicaragua by extending the mandate of the Group of Human Rights Experts, promoting peaceful elections, investigating violence against civilians, and taking further action to address human rights violations by the Nicaraguan government.

The Restoring Sovereignty and Human Rights in Nicaragua Act of 2024 is a bill that seeks to extend and amend current laws regarding Nicaragua, particularly focusing on reauthorizing and enhancing economic sanctions to hold the Nicaraguan government accountable for human rights abuses. It also outlines support for human rights programs and international efforts to promote democracy in Nicaragua.

The section provides definitions for key terms used in the Act: "appropriate congressional committees" refers to specific Senate and House committees concerned with foreign affairs and financial services, "human rights" refers to internationally recognized human rights, and "United States person" includes U.S. citizens, lawful permanent residents, and entities organized under U.S. law.

The section expresses Congress's belief that the U.S. should work with international partners, like Canada and the European Union, to apply targeted sanctions against individuals involved in supporting the Nicaraguan government under President Daniel Ortega, due to human rights abuses. Additionally, it encourages continued focus on human rights and democracy in Nicaragua and urges global organizations to improve conditions for political prisoners and end political persecution in the country.

The section extends the Nicaraguan Investment Conditionality Act of 2018 by changing the expiration year from 2023 to 2030. This means that the rules and limits set by the Act will now last until 2030 instead of ending in 2023.

The bill changes how sanctions are applied to certain people and sectors in Nicaragua, including those who help the Ortega family. It requires the President to impose specific sanctions on individuals linked to the Nicaraguan government and allows for sanctions on foreign individuals involved in the Nicaraguan gold industry or other sectors identified by the Secretary of State.

The text outlines amendments to the laws targeting the Nicaraguan regime, expanding the scope of sanctions to include activities like arresting individuals for religious freedom and politically motivated charges. It also specifies that officials from Nicaragua's Military Institute of Social Security are prioritized for sanctions, and mandates a report on the implementation of these measures within 90 days and annually for three years.

The legislation amends the Nicaragua Investment Conditionality Act of 2018 to require the U.S. Secretary of State, in collaboration with the Secretary of the Treasury, to work diplomatically with countries in the Central American Bank for Economic Integration to prevent loans or financial support from reaching the Government of Nicaragua, heighten inspection of funding given to Nicaragua, and ensure that funds are managed independently of the Nicaraguan government.

The policy of the United States is to resolve the political crisis in Nicaragua by ensuring the Nicaraguan government holds fair elections, stops violence against civilians, and investigates protester deaths. Additionally, the U.S. supports diplomatic efforts to achieve a peaceful solution to the crisis.

The law requires the Secretary of State to submit a yearly report to Congress about Nicaragua's involvement in the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR). The report should cover the benefits Nicaragua's government gets from the agreement, any violations committed, and evaluate if Nicaragua qualifies as a nonmarket economy under U.S. trade laws.

The section states that the rules and any penalties set by certain U.S. laws related to Nicaragua will no longer be in effect once the President informs Congress that a solution to the political crisis in Nicaragua has been achieved.

The section allows the Secretary of State and the head of USAID to give grants to nonprofits for programs promoting human rights and democracy in Nicaragua, excluding entities linked to the Ortega regime. It also requires a report on these activities every year until 2028 and suggests consulting with the Nicaraguan diaspora before granting funds.

The section outlines the United States' efforts at the United Nations to advocate for human rights in Nicaragua by extending the work of the Group of Human Rights Experts, supporting international and technical assistance, and urging actions like condemning exile and attacks on religious freedom, while promoting free and fair elections.