; Public Law 117–54 ) is amended by inserting after clause (ix) the following: (x) Officials of the Instituto de Prevision Social Militar (IPSM), commonly known as the Military Institute of Social Security of Nicaragua. . (c) Reporting requirement Not later than 90 days after the enactment of this Act, and annually thereafter for a period of 3 years, the Secretary of State, in consultation with the Secretary of the Treasury, shall submit to the Committee on Foreign Relations of the Senate and the Committee on Foreign Affairs of the House of Representatives a report on the implementation of section 5 of the Reinforcing Nicaragua’s Adherence to the Conditions for Electoral Reform Act of 2021 ( 50 U.S.C. 1701 note; Public Law 117–54 ), which shall include— (1) an update on the status of efforts to implement a coordinated strategy on the use of targeted sanctions under section 5(a)(1) of such Act; (2) a detailed description of concrete steps that have been taken under section 5(b)(1) of such Act to prioritize the implementation of the targeted sanctions required under section 5 of the Nicaragua Investment Conditionality Act of 2018 ( 50 U.S.C. 1701 note; Public Law 115–335 ); and (3) a detailed description of the results of the review of sanctionable targets required under section 5(b)(2) of the Reinforcing Nicaragua’s Adherence to the Conditions for Electoral Reform Act of 2021 ( 50 U.S.C. 1701 note; Public Law 117–54 ). 104. Coordinated diplomatic strategy to restrict investment and loans that benefit the Government of Nicaragua from the Central American Bank for Economic Integration Section 4 of the Nicaragua Investment Conditionality Act of 2018 ( Public Law 115–335 ; 50 U.S.C. 1701 note) is amended— (1) in subsection (c), by inserting and paragraphs (1), (2), and (3) of subsection (f) after subsection (b) ; (2) by redesignating subsection (f) as subsection (g)