Week ending October 6, 2017
H.R.1918 – Nicaraguan Investment Conditionality Act (NICA) of 2017
HR 1918 aims to oppose loans at international financial institutions for the Government of Nicaragua unless the Government of Nicaragua is taking effective steps to hold free, fair, and transparent elections, and for other purposes.
It is the policy of the United States to support—
(1) the rule of law and an independent judiciary and electoral council in Nicaragua;
(2) independent pro-democracy organizations in Nicaragua;
(3) free, fair, and transparent elections under international and domestic observers in Nicaragua; and
(4) anti-corruption and transparency efforts in Nicaragua.
The President shall instruct the United States Executive Director at each international financial institution to use the voice, vote, and influence of the United States to oppose any loan for the benefit of the Government of Nicaragua, other than to address basic human needs or promote democracy, unless the Secretary of State certifies and reports to the appropriate congressional committees that the Government of Nicaragua is taking effective steps to—
(1) hold free, fair, and transparent elections overseen by credible domestic and international electoral observers;
(2) promote democracy, as well as an independent judicial system and electoral council;
(3) strengthen the rule of law;
(4) respect the right to freedom of association and expression;
(5) combat corruption, including investigating and prosecuting government officials that are credibly alleged to be corrupt; and
(6) protect the right of political opposition parties, journalists, trade unionists, human rights defenders, and other civil society activists to operate without interference.
The Secretary of the Treasury shall submit to the appropriate congressional committees a written report assessing—
(1) the effectiveness of the international financial institutions in enforcing applicable program safeguards in Nicaragua; and
(2) the effects of the matters described in section 2 on long-term prospects for positive development outcomes in Nicaragua.
(Full text of H.R. 1918 congress.gov)
Sponsor: Rep. Ros-Lehtinen, Ileana [R-FL-27] (Introduced 04/05/2017)
Status: Passed House /
VOTES and FLOOR ACTION
On Passage: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote
Motion to recommit:
Text of the motion:
COST AND IMPACT
Cost to the taxpayers: Data not available
Pay-as-you-go requirements: Data not available
Regulatory and Other Impact: Data not available
Dynamic Scoring: Data not available
Tax Complexity: Not applicable to this bill.
Earmark Certification: Data not available
Duplication of programs: Data not available
Direct Rule-Making: Data not available
Advisory Committee Statement: Data not available
Budget Authority: Data not available
Constitutional Authority: Assumed.
More Bill Information:
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