Taking Additional Steps To Address the National Emergency in Nicaragua

Oct 26, 2022

Summary

Adds more rules to punish Nicaragua's government by banning certain trade and investments and sanctioning more people, including those in the gold industry.

What problem does this solve?

The government of Nicaragua continues to suppress democracy and harm its citizens. This order gives the U.S. more power to block trade and investment with Nicaragua to pressure its leaders to change.

What does this order do?

Prohibits new U.S. investment

Bans new investments by U.S. persons in any part of the Nicaraguan economy that the Secretary of the Treasury designates.

Targets Nicaragua's gold industry

Authorizes sanctions against anyone operating in the gold sector of Nicaragua's economy, or any other sector the Treasury Secretary chooses.

Bans certain imports from Nicaragua

Prohibits bringing certain products from Nicaragua into the United States, as determined by the Secretary of the Treasury.

Restricts exports to Nicaragua

Forbids the sale or supply of certain items from the U.S. to any person in Nicaragua, as determined by the Secretary of Commerce.

Sanctions for suppressing free speech

Allows the U.S. to block the property of people involved in arresting or prosecuting individuals or media outlets for exercising freedom of expression.

Who does this affect?

Nicaraguan government officials
Businesses in Nicaragua's gold sector
U.S. companies and individuals trading with or investing in Nicaragua

What is the real world impact?

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Pressures the Nicaraguan government

Aims to use economic power to force changes in the Nicaraguan government's behavior, particularly regarding its suppression of human rights and democratic processes.

When does this start?

This order takes effect immediately, as of October 24, 2022.