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Code · BILL · 118th Congress · H.R. 6954 (Introduced in House) — To reauthorize and amend the Nicaraguan Investment Conditionality Act of 2018 and the Reinforcing Nicaragua’s Adheren... · Sec. 203

Sec. 203. Prohibition on new United States investment in Nicaragua

273 words·~1 min read·/bill/118/hr/6954/ih/section-203

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After the date of the enactment of this Act, a United States person, wherever located, may not make any investment in any sector of the economy of Nicaragua. The President may exercise all authorities provided to the President under sections 203 and 205 of the International Emergency Economic Powers Act (50 U.S.C. 1702 and 1704) to carry out this section. A person that violates, attempts to violate, conspires to violate, or causes a violation of this section or any regulation, license, or order issued to carry out this section shall be subject to the penalties set forth in subsections
(b)and
(c)of section 206 of the International Emergency Economic Powers Act ( 50 U.S.C. 1705 ) to the same extent as a person that commits an unlawful act described in subsection
(a)of that section. This section shall not apply with respect to activities subject to the reporting requirements under title V of the National Security Act of 1947 ( 50 U.S.C. 3091 et seq. ) or any authorized intelligence activities of the United States. The prohibition under subsection
(a)does not apply with respect to any person for conducting or facilitating a transaction for the sale of agricultural commodities, food, medicine, or medical devices to Nicaragua, or for the provision of humanitarian assistance to the people of Nicaragua. The President may waive the application of the prohibition under subsection
(a)with respect to a person if the President— determines that such a waiver is in the national security interests of the United States; and submits to the appropriate congressional committees a notification of the waiver and the reasons for the waiver.
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Sec. 203
Prohibition on new United States investment in Nicaragua
U.S.C.§ 1702
U.S.C.§ 1705
U.S.C.§ 3091
Cites 3Cited by 0 across 0 sources
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