,,ii #aae? ,,congress #b;d ,session ,s4 #cedi ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,octob] #d1 #bjah ,mr4 ,coons 7= himself1 ,mr4 ,graham1 ,mr4 ,ka9e1 & ,mr4 ,g>dn]7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,=eign ,relations ,a ,,bill ,to e/abli% ! ,pale/9ian ,p>tn]%ip ,fund to promote jo9t economic developm5t & f9ance jo9t v5tures betwe5 ,pale/9ian entrepr5eurs & companies 9 ! ,unit$ ,/ates1 ,israel1 & c\ntries 9 ! ,middle ,ea/ to improve economic coop]ation & p to p ex*anges to fur!r %>$ community build+1 peaceful coexi/5ce1 dialogue1 & reconciliation betwe5 ,israelis & ,pale/9ians4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,pale/9ian ,p>tn]%ip ,fund ,act ( #bjah4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,:ile ! ,unit$ ,/ates & its int]national allies cont9ue to support diplomatic & political negotiations betwe5 ! repres5tatives ( ! p>ties to ! ,israeli-,pale/9ian conflict & o!rs1 9 ! long run1 su* ef=ts require broad popul> support among p to succe$4 ,9 ord] to a*ieve la/+ peace 9 ! ,middle ,ea/1 ! p :o live !re mu/1 ov] "t1 su/a9 any pot5tial high-level agreem5ts4 7#b7 ,?r\gh support = jo9t economic initiatives & p-to-p ex*anges1 millions ( ord9>y ,israelis & ,pale/9ians affect$ by ?is conflict c assi/ 9 build+ support = la/+ peace4 7#c7 ,! ,pale/9ian te*nology sector is gr[+ by approximately #aj p]c5t annually &1 z ( #bjah1 acc\nts = approximately #f p]c5t ( ! ,pale/9ian gross dome/ic product4 7#d7 ,9 ! ,pale/9ian t]ritories1 ea* new job 9 ! te*nology sector contributes an e/imat$ #ih1jjj 9 value add$ p] ye>1 comp>$ to #af1jjj ( value add$ p] ye>1 on av]age1 t is contribut$ by jobs 9 o!r sectors4 7#e7 ,pale/9ian entrepr5eurs c\ld greatly b5efit f m />t-up exp]i5ce & improv$ access to exp]i5c$ inve/ors1 pr(essional networks1 & =eign p>tn]s4 #c4 ,s5se ( ,congress ,x is ! s5se ( ,congress t-- 7#a7 build+ a viable ,pale/9ian economy is c5tral to ! ef=t to pres]ve ! possibility ( a #b-/ate solution2 7#b7 te*nology-l$ economic developm5t 9 ! ,pale/9ian t]ritories w create mu* ne$$ employm5t1 /em bra9 dra9 ( ,pale/9ian tal5t1 & contribute to regional /ability2 7#c7 coop]ation betwe5 ! ,pale/9ian1 ,unit$ ,/ates1 & ,israeli te*nology sectors w b5efit ! ,pale/9ian1 ,am]ican1 & ,israeli p & %\ld be enc\rag$2 7#d7 /r5g!n+ coop]ation betwe5 ! ,pale/9ian t]ritories1 ! ,unit$ ,/ates1 & ,israel 9 ! areas ( appli$ te*nology indu/ry & p-to-p ex*anges w-- 7,a7 increase ! bonds ( fri5d%ip & und]/&+ betwe5 ! p liv+ 9 ! ,pale/9ian t]ritories & ! p ( ! ,unit$ ,/ates & ,israel2 & 7,b7 advance ! /ate ( rese>* & developm5t to ! b5efit ( all p>ties2 & 7#e7 ,unit$ ,/ates & int]national support = grassroots p to p ef=ts aim$ at %>$ economic gr[?1 reconciliation1 & fo/]+ tol]ance c help s]ve z an antidote to false propag&a by t]rori/ gr\ps & ! gr[+ issue ( incitem5t4 #d4 ,pale/9ian ,p>tn]%ip ,fund 7a7 ,e/abli%m5t 7#a7 ,9 g5]al ,! ,secret>y ( ,/ate1 9 consultation ) ! ,secret>y ( ,comm]ce1 ! ,secret>y ( ! ,treasury1 & ! ,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t1 %all e/abli% ! ,pale/9ian ,p>tn]%ip ,fund 7ref]r$ to 9 ?is section z ! ,fund71 :i* %all be fund$ ) am\nts appropriat$ pursuant to section #e4 7#b7 ,contributions ,! ,secret>y ( ,/ate1 9 consultation ) ! ,secret>y ( ,comm]ce1 ! ,secret>y ( ! ,treasury1 & ! ,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t %all make e ef=t to seek additional contributions = ! ,fund f ,middle ,ea/]n c\ntries1 ,europe1 & ! re/ ( ! int]national community4 7#c7 ,gov]nance ,! ,majority ,lead] & ! ,m9ority ,lead] 9 ! ,s5ate1 & ! ,speak] & ! ,m9ority ,lead] 9 ! ,h\se ( ,repres5tatives1 %all ea* appo9t a repres5tative to ! gov]n+ entity ( ! ,fund4 ,! gov]n+ entity ( ! ,fund %\ld ov]see1 & include exp]ts 91 program integrity1 monitor+1 & evaluation & assessm5t4 7b7 ,purpose ,! purpose ( ! ,fund is to facilitate & f9ance-- 7#a7 jo9t v5tures 9 ,israel1 ! ,we/ ,bank1 & ,gaza1 includ+ betwe5 ,pale/9ian entrepr5eurs & companies 9 ! ,unit$ ,/ates1 ,israel1 & c\ntries 9 ! ,middle ,ea/ to improve economic coop]ation 9 rese>* & developm5t & 9 ! te*nology indu/ry2 & 7#b7 p to p ex*anges to fur!r %>$ community build+1 peaceful coexi/5ce1 dialogue1 & reconciliation betwe5 ,israelis & ,pale/9ians4 7c7 ,uses ( funds ,am\nts deposit$ into ! ,fund may be us$-- 7#a7 to support jo9t rese>*1 economic developm5t1 & te*nology indu/ry activities ( mutual b5efit to ! ,pale/9ian t]ritories1 ! ,unit$ ,/ates1 & ,israel2 7#b7 to promote ! integration ( ! ,pale/9ian economy into ! int]national bus9ess sy/em ?r\gh private sector engagem5t betwe5 ,pale/9ian entrepr5eurs & bus9esses & ! private sector 9 ! ,unit$ ,/ates1 ,europe1 & ! ,middle ,ea/ 7includ+ ,israel72 7#c7 to fund jo9t project co/s involv+ ,pale/9ian entrepr5eurs & companies 9 ! ,unit$ ,/ates1 ,israel1 & c\ntries 9 ! ,middle ,ea/2 7#d7 to g5]ate mutually b5eficial coop]ation betwe5 ! private sectors ( ! ,pale/9ian1 ,am]ican1 & ,israeli high te* indu/ries1 includ+ />t-ups & e/abli%$ organizations2 & 7#e7 to support p to p ex*anges1 %>$ community build+1 peaceful coexi/5ce1 & reconciliation betwe5 ,israelis & ,pale/9ians4 7d7 ,eligibility 7#a7 ,national gov]nm5ts ,national gov]nm5ts are n eligible to receive a grant f ! ,fund4 7#b7 ,geographic discrim9ation prohibit$ ,9 select+ grant recipi5ts "u ?is section1 ! adm9i/rators ( ! ,fund may n discrim9ate aga9/ any community or entity 9 ,israel1 ! ,we/ ,bank1 or ,gaza due to its geographic location4 7#c7 ,limitations ,none ( ! funds made available pursuant to ?is ,act may be made available = assi/ance = any individual or gr\p t ! adm9i/rators ( ! ,fund1 9 consultation ) ! heads ( o!r relevant ag5cies ( ! ,unit$ ,/ates ,gov]nm5t1 det]m9es to be involv$ 91 or advocat+1 t]rori/ activity or a memb] ( a =eign t]rori/ organization1 z designat$ pursuant to section #bai ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aahi74 7#d7 ,sav+s provision ,assi/ance f ! ,fund %all be subject to all relevant laws relat+ to ,f$]al ,gov]nm5t assi/ance4 7e7 ,annual report 7#a7 ,9 g5]al ,at ! end ( ea* fiscal ye> 9 :i* ! ,unit$ ,/ates ,gov]nm5t makes any contribution to ! ,fund "u ?is section1 ! ,secret>y ( ,/ate %all submit a writt5 report to ,congress t describes ! ext5t to :i* ! ,fund1 & ,unit$ ,/ates contributions to ! ,fund1 h contribut$-- 7,a7 to promot+ & support+ jo9t economic developm5t2 7,b7 to integrat+ ! ,pale/9ian economy into ! int]national bus9ess sy/em2 & 7,c7 to fur!r+ contact1 coop]ation1 dialogue1 & reconciliation betwe5 ,israelis & ,pale/9ians4 7#b7 ,matt]s to be includ$ ,ea* report requir$ "u p>agraph 7#a7 %all include-- 7,a7 in=mation reg>d+-- 7i7 contributions pl$g$ to1 contributions 7includ+ donations f ! private sector7 receiv$ by1 & projects fund$ by ! ,fund2 & 7ii7 ! me*anisms e/abli%$ = transp>5cy & acc\ntability 9 ! grant mak+ & inve/m5t process2 7,b7 a description ( ! ,fund's op]ations1 activities1 budget1 receipts1 & exp5ditures = ! prec$+ #ab-mon? p]iod1 includ+ an audit$ report ( ! ,fund's f9ances1 includ+ /atem5ts ( f9ancial position1 op]ations1 & ca% fl[s1 9 accordance ) g5]ally accept$ gov]nm5t audit+ /&>ds prescrib$ by ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates2 7,c7 insights glean$ f :at improves ! efficacy ( p-to-p relation%ips2 & 7,d7 a description ( pot5tial /rategies = gett+ to su/a9ability = civic in/itutions t ! ,fund creates or supports1 includ+ novel f9anc+ me*anisms4 #e4 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ #ajj1jjj1jjj1 = ea* ( ! fiscal ye>s #bjai ?r\gh #bjbd1 :i* %all be us$ = ,unit$ ,/ates contributions to ! ,fund e/abli%$ pursuant to section #d1 & %all rema9 available until exp5d$4