In a scathing report, the international rights group decries the lack of prosecutions of those involved in the Central Intelligence Agency's secret program to torture detainees in the wake of the September 11, 2001 attacks.
It said there is enough evidence for the attorney general to order criminal probes.
The 153-page report outlines evidence to support the main criminal charges that could be brought against those behind what is referred to so-called "enhanced interrogation" techniques, and challenges claims that prosecutions are impossible.
It lists several top Bush officials, including the former president himself, then CIA director George Tenet, former attorney general John Ashcroft and former vice president Dick Cheney.
Additionally, the report says James Mitchell and Bruce Jessen -- who devised the program under a CIA contract -- should also be investigated for their roles in the initial conspiracy.
The American Civil Liberties Union last month sued the two psychologists on behalf of a group of former prisoners from the early days of America's "war on terror."
Such mistreatment was more brutal than had been previously acknowledged -- and did not produce useful intelligence.
"It's been a year since the Senate torture report, and still the Obama administration has not opened new criminal investigations into CIA torture," said Kenneth Roth, executive director of Human Rights Watch.
"Without criminal investigations, which would remove torture as a policy option, Obama's legacy will forever be poisoned."
Human Rights Watch said that although much of the abuse took place a decade or more ago, statutes of limitation do not preclude criminal charges.
Under the UN Convention against Torture, ratified by the United States in 1988, governments are meant to investigate allegations of torture.
"The failure to investigate and prosecute CIA torture increases the danger that some future president will authorize similar illegal interrogation methods in response to an inevitable serious security threat," the group said.
Republican presidential hopeful Donald Trump recently called for the return of waterboarding, a simulated drowning interrogation technique widely denounced as torture, saying it was "peanuts" compared to what the Islamic State group is doing.
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