A bill to reauthorize and expand the imposition of sanctions under the Nicaragua Investment Conditionality Act of 2018, and for other purposes.

S. 5369, introduced by Senator Ted Cruz (R-TX) on August 7, 2026, would reauthorize and expand sanctions authority under the Nicaragua Investment Conditionality Act of 2018 (commonly known as the NICA Act). The bill's full text has not yet been published, so its specific provisions — such as which sanctions would be extended, what new triggers or targets might be added, or how the expansion would work — are not yet known.

Based on the bill's title, it would affect the existing legal framework governing U.S. sanctions related to Nicaragua, which has historically targeted international lending to the Nicaraguan government and individuals or entities tied to human rights abuses or corruption. Who exactly would be newly affected — government officials, businesses, financial institutions, or others — cannot be determined until the text is released.

The bill was introduced in the Senate on August 7, 2026, and its only recorded action so far is that introduction. As a next step, it would typically be referred to a Senate committee (such as Foreign Relations) for consideration before any further action, such as a committee vote or floor consideration, could occur. No committee assignment or hearing has been reported yet.

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