A bill to promote democracy and the rule of law in Nicaragua, and for other purposes.

Nicaraguan Investment Conditionality Act (NICA) of 2017 This bill directs the President to instruct the U.S. Executive Director at each international financial institution to oppose a loan for budget support for the government of Nicaragua unless the Department of State reports that Nicaragua is taking effective steps to (1) hold free elections; (2) promote democracy; (3) strengthen the rule of law; (4) combat corruption; (5) protect the right to freedom of expression; (6) protect the rights of indigenous people; and (7) protect the rights of political opposition parties, journalists, and other civil society activists to operate without interference.