Makes multiple amendments to provisions of the Nicaraguan Investment Conditionality Act of 2018 and the Reinforcing Nicaragua’s Adherence to Conditions for Electoral Reform Act of 2021 as referenced at 50 U.S.C. 1701: (1) strikes and inserts language in section 10 (extension of authorities); (2) modifies section 5(a) to add authority targeting entities operating in the gold sector or other sectors identified by the Secretary of the Treasury (in consultation with the Secretary of State); (3) adds new enumerated activities to section 5(b) (arrest/prosecution of Catholic Church members for exercising religious freedom; politically motivated convictions of opposition/CSO members; gross human rights violations of prisoners; providing significant support for or expressing support for the Russian invasion of Ukraine); (4) redesignates clauses and inserts a new clause in section 5(b)(2)(B) of the 2021 Act to include officials of the Instituto de Previsión Social Militar (IPSM); and (5) amends section 4 to add a new diplomatic-strategy subsection directing the Secretary of State (in consultation with the Secretary of the Treasury) to engage CABEI partner governments to oppose or scrutinize CABEI loans/assistance to Nicaragua and to ensure such assistance is administered independently, and to report results.