Restoring Sovereignty and Human Rights in Nicaragua Act of 2024

This bill imposes new and enhanced sanctions on Nicaragua's government for human rights abuses and political repression, directly affecting the Ortega regime and sectors of Nicaragua's economy that fund it. Key provisions include prohibiting new U.S. investment in Nicaragua, expanding sanctions for abuses against the Catholic Church and political prisoners, and requiring review of Nicaragua's participation in the CAFTA-DR free trade agreement. The bill also mandates diplomatic efforts to restrict Nicaragua's access to financing from regional banks and provides funding for human rights programs supporting Nicaraguan democracy activists. It requires annual reports to Congress on Nicaragua's compliance with democratic standards and the impact of these sanctions. The legislation aims to hold the Ortega government accountable for its actions while supporting Nicaraguan civil society and human rights organizations.