On the recordNovember 3, 2021
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise today in support of S. 1064, the RENACER Act. I thank my good friend, Albio Sires from New Jersey, for his tireless work in championing this bill and continuously drawing attention to the antidemocratic actions taken by the Ortega regime. This legislation makes clear that the United States will not sit by quietly as another country in our hemisphere slides further away from our democratic values. Working with our friends and partners in the international community, this bill will allow us to continue applying pressure on the Ortega regime ahead of the elections later this month. Sadly, all signs indicate that these elections will be far from free and fair. Passing this bill will demonstrate the United States Government's strong belief that a commitment to upholding human rights and free expression are key pillars of promoting and preserving democracy. The legislation takes a number of important steps. It restricts the Ortega regime's ability to access capital for corrupt purposes via international financial institutions and will bolster transparency mechanisms to ensure any that funds Nicaragua receives are not siphoned off for illicit or illegal purposes. The RENACER Act will also ensure our sanctions policy is thoughtful and effective by focusing targeted sanctions on bad actors undermining the rule of law and democracy and not on the Nicaraguan people.…





