The Act aims to economically pressure Nicaragua's government to address human rights abuses by extending the Nicaraguan Investment Conditionality Act of 2018 until 2030, enhancing sanctions against the Ortega family, imposing targeted sanctions on the Ortega administration, and supporting human rights and democracy programs in Nicaragua. It also proposes a diplomatic strategy to restrict investment and loans benefiting the Nicaraguan government, seeks a peaceful resolution to the political crisis through free and fair elections, independent investigations into protester killings, and a review of Nicaragua's participation in the Free Trade Agreement. The bill prohibits new U.S. investments in Nicaragua, except for intelligence and humanitarian activities, until the political crisis is resolved and allows grants for human rights and democracy programs in Nicaragua. It mandates support for extending the mandate of the Group of Human Rights Experts on Nicaragua at the United Nations and encourages international action to investigate human rights violations and promote democratic standards in Nicaragua.