; and (B) not later than the date on which the waiver takes effect, submits to the appropriate congressional committees a notice of and justification for the waiver. (c) Sense of Congress It is the sense of Congress that the President should exercise the waiver authority provided under subsection (b)(1) if the Secretary of State certifies under subsection (a) that the Government of Nicaragua is taking effective steps as described in that subsection. 6. Report on human rights violations and corruption in Nicaragua (a) In general Not later than 180 days after the date of the enactment of this Act, and annually thereafter until December 31, 2021, the Secretary of State, acting through the Assistant Secretary of State for Intelligence and Research, and in coordination with the Director of National Intelligence, shall submit to the appropriate congressional committees a report on the involvement of senior officials of the Government of Nicaragua, including members of the Supreme Electoral Council, the National Assembly, and the judicial system, in human rights violations and acts of significant corruption. (b) Elements The report required by subsection (a) shall include, to the extent feasible, the following: (1) For each senior official described in that subsection— (A) the estimated total amount of funds or other assets held in accounts at United States financial institutions or foreign financial institutions that are under the direct or indirect control of the senior official; (B) a description of such funds or assets; (C) an identification of any equity interest held by the senior official— (i) in an entity on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury; or (ii) in any other entity subject to sanctions imposed by the United States; (D) a description of how the senior official acquired such funds, assets, or equity interests