S. 1881, Restoring Sovereignty and Human Rights in Nicaragua Act of 2024
As reported by the Senate Committee on Foreign Relations on May 7, 2024
By Fiscal Year, Millions of Dollars
2024
2024-2029
2024-2034
Direct Spending (Outlays)
*
*
*
Revenues
*
*
*
Increase or Decrease (-) in the Deficit
*
*
*
Spending Subject to Appropriation (Outlays)
*
1
not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?
< $2.5 billion
Statutory pay-as-you-go procedures apply?
Yes
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?
No
Contains intergovernmental mandate?
No
Contains private-sector mandate?
Yes, Under Threshold
* = between -$500,000 and $500,000.
Summary
S. 1881 would extend through 2030 the Administration’s authority to impose sanctions on foreign persons who violate human rights, engage in corruption, or undermine democracy and civil society in Nicaragua. It also would broaden those sanctions to include foreign persons who, for example, operate in the gold sector of the Nicaraguan economy or provided support to Russia for its invasion of Ukraine. The bill also would authorize the Department of State and the U.S. Agency for International Development (USAID) to make grants to promote human rights, democracy, and rule of law in Nicaragua. Lastly, it would require the Administration to provide several reports to the Congress on its implementation of the bill and on related matters.
