,i #aaf? ,,congress #a/ ,session ,h4 ,r4 #cajd ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,june #e1 #bjai,mrs4 ,l[ey 7= h]self & ,mr4 ,=t5b]ry7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,=eign ,affairs ,a ,,bill ,to e/abli% ! ,p>tn]%ip ,fund = ,peace to promote jo9t economic developm5t & f9ance v5tures betwe5 ,pale/9ian entrepr5eurs & companies & ^? 9 ! ,unit$ ,/ates & ,israel to improve economic coop]ation & p-to-p peacebuild+ programs1 & to fur!r %>$ community build+1 peaceful coexi/5ce1 dialogue1 & reconciliation betwe5 ,israelis & ,pale/9ians4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,p>tn]%ip ,fund = ,peace ,act ( #bjai4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,economic developm5t 9 conflict sett+s has be5 %[n to support /abilization by emp[]+ entrepr5eurs1 gr[+ ! middle class1 & mitigat+ unemploym5t4 7#b7 ,9 #bjah1 unemploym5t 9 ! ,pale/9ian t]ritories 0 #cb4d p]c5t1 rea*+ #ec4g p]c5t 9 ,gaza & #ah p]c5t 9 ! ,we/ ,bank4 ,,gdp gr[? 9 ! ,pale/9ian t]ritories decl9$ f #b4g p]c5t 9 #bjag to #b p]c5t 9 #bjah1 & x is project$ to fur!r decl9e to betwe5 #a4g & #a4i p]c5t 9 #bjai & #bjbj4 7#c7 ,increas$ economic activity & projects to improve ! quality & conditions ( life = ! ,pale/9ians w help create a viable ,pale/9ian economy4 7#d7 ,al?\gh economic developm5t is an important tool = /abiliz+ conflict-prone sett+s & e/abli%+ connections betwe5 communities1 economic developm5t by itself w n lead to la/+ peace4 ,p-to-p peacebuild+ programs fur!r advance reconciliation ef=ts by promot+ great] und]/&+1 mutual tru/1 & coop]ation betwe5 communities4 7#e7 ,:ile ! ,unit$ ,/ates & its int]national allies cont9ue to support diplomatic & political negotiations betwe5 ! repres5tatives ( ! p>ties to ! ,israeli-,pale/9ian conflict1 su* ef=ts require broad popul> support among ! p on ! gr\nd to succe$4 7#f7 ,a*iev+ su/a9able1 high-level agreem5ts = la/+ peace 9 ! ,middle ,ea/ mu/ come ?r\gh1 & ) ! support (1 ! p :o live !re4 7#g7 ,economic initiatives & p-to-p peacebuild+ programs c help millions ( ord9>y ,israelis & ,pale/9ians affect$ by ! ongo+ conflict 9 ! ,middle ,ea/4 #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 /r5g!n+ engagem5t betwe5 ! ,pale/9ian t]ritories1 ! ,unit$ ,/ates & ,israel 9 ! areas ( economic developm5t & p-to-p peacebuild+ programs 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 9 multiple sectors to ! b5efit ( all p>ties2 7#c7 coop]ation betwe5 ! bus9ess sectors ( ! ,pale/9ian t]ritories1 ! ,unit$ ,/ates & ,israel w b5efit ! ,pale/9ian1 ,am]ican1 & ,israeli p & %\ld be enc\rag$2 & 7#d7 ,unit$ ,/ates & int]national support = grassroots1 p-to-p ef=ts aim$ at %>$ reconciliation & fo/]+ tol]ance c help c\nt] extremi/ propag&a & ! gr[+ issue ( incitem5t4 #d4 ,p>tn]%ip ,fund = ,peace 7a7 ,e/abli%m5t 7#a7 ,9 g5]al ,! ,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t1 9 consultation ) ! ,secret>y ( ,/ate & ! ,secret>y ( ! ,treasury1 %all e/abli% ! ,p>tn]%ip ,fund = ,peace 7ref]r$ to 9 ?is section z ! ,fund71 :i*-- 7,a7 %all be fund$ ) am\nts appropriat$ pursuant to section #e2 & 7,b7 manag$ by ! ,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t4 7#b7 ,contributions ,! ,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t1 9 consultation ) ! ,secret>y ( ,/ate & ! ,secret>y ( ! ,treasury1 %all seek additional contributions = ! ,fund f ! int]national community1 includ+ c\ntries 9 ! ,middle ,ea/ & ,europe4 7b7 ,gov]nance 7#a7 ,bo>d ( gov]nors 7,a7 ,appo9tm5t ,except z provid$ 9 subp>agraph 7,d71 ! ,fund %all be gov]n$ by a ,bo>d ( ,gov]nors1 :i* %all be compos$ ( #e private1 ,unit$ ,/ates citiz5s or legal p]man5t resid5ts1 :o %all be appo9t$ by ! ,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t1 9 consultation ) ! ,secret>y ( ,/ate1 ! ,speak] ( ! ,h\se ( ,repres5tatives1 ! ,m9ority ,lead] ( ! ,h\se ( ,repres5tatives1 ! ,majority ,lead] ( ! ,s5ate1 & ! ,m9ority ,lead] ( ! ,s5ate4 7,b7 ,qualifications 7i7 ,g5]al exp]i5ce ,memb]s ( ! ,bo>d ( ,gov]nors %all be select$ f among p :o h demon/rat$ exp]i5ce & exp]tise 9 ! affairs relat$ to ,israel & ! ,pale/9ian t]ritories4 7ii7 ,bus9ess exp]i5ce ,n few] ?an #b memb]s ( ! ,bo>d ( ,gov]nors %all h-- 7,i7 demon/rat$ exp]i5ce & exp]tise 9 int]national & p>ticul>ly em]g+ m>kets inve/m5t activities1 su* z private equity or v5ture capital inve/m5t1 bank+1 f9ance1 /rategic bus9ess consult+1 or entrepr5eurial bus9ess creation2 & 7,,ii7 backgr\nds 9 priority bus9ess sectors ( ! ,pale/9ian economy4 7iii7 ,conflict mitigation exp]i5ce ,n few] ?an #b memb]s ( ! ,bo>d ( ,gov]nors %all h demon/rat$ exp]i5ce & exp]tise 9 conflict mitigation & p-to-p programs4 7iv7 ,,usaid (ficial ,! ,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t 7,,usaid7 %all appo9t #a ,,usaid (ficial z a memb] ( ! ,bo>d ( ,gov]nors4 7,c7 ,responsibilities ,! ,bo>d ( ,gov]nors %all-- 7i7 det]m9e ! am\nt annually allocat$ f ! ,fund = ea* ,te*nical ,bo>d2 & 7ii7 approve ! ,te*nical ,bo>ds' recomm5dations1 z appropriate4 7,d7 ,int]national donor seats ,) ! approval ( ! exi/+ ,bo>d ( ,gov]nors1 ! ,adm9i/rator may appo9t up to #b additional memb]s to ! ,bo>d :o %all-- 7i7 repres5t int]national organizations or =eign gov]nm5ts t h donat$ to ! ,fund2 & 7ii7 meet ! qualifications set =? 9 subp>agraph 7,b77i74 7,e7 ,te*nical bo>ds 7i7 ,e/abli%m5t ,! ,bo>d ( ,gov]nors %all e/abli%-- 7,i7 a ,bus9ess & ,economic ,developm5t ,te*nical ,bo>d2 & 7,,ii7 a ,p-to-,p ,programs ,te*nical ,bo>d4 7ii7 ,appo9tm5ts ,memb]s ( ! te*nical bo>ds e/abli%$ pursuant to clause 7i7 %all be appo9t$ by ! ,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t4 7iii7 ,inve/m5t approval & recomm5dations ,! te*nical bo>ds e/abli%$ pursuant to clause 7i7-- 7,i7 may approve inve/m5ts ( ,fund assets up to #bej1jjj2 & 7,,ii7 may recomm5d inve/m5ts ( ,fund assets great] ?an #bej1jjj1 :i* %all be subject to ! approval ( ! ,bo>d ( ,gov]nors4 7iv7 ,/aff ,ea* te*nical bo>d e/abli%$ pursuant to clause 7i7 %all consi/ ( a ,secret>iat1 :i* %all be /aff$ by individuals ) demon/rat$ exp]i5ce & exp]tise relevant to ! te*nical bo>d on :i* !y sit4 7c7 ,purposes ,! purposes ( ! ,fund are-- 7#a7 to promote ! private sector 9 ! ,pale/9ian t]ritories ?r\gh facilitat+ & f9anc+ betwe5 small & m$ium-siz$ ,pale/9ian entrepr5eurs & companies & ^? 9 ! ,unit$ ,/ates1 ,israel1 & o!r c\ntries to improve ! ,pale/9ian private sector ?r\gh economic coop]ation 9 rese>* & developm5t2 7#b7 to improve ! quality ( life1 /imulate ! economy1 & advance security by creat+ private sector jobs = ,pale/9ians 9 ! ,pale/9ian t]ritories & fur!r+ ! developm5t ( a ,pale/9ian middle class2 & 7#c7 to fur!r %>$ community build+1 peaceful coexi/5ce1 dialogue1 & reconciliation betwe5 ,israelis & ,pale/9ians by f9anc+ p-to-p peacebuild+ programs4 7d7 ,uses ( funds ,am\nts deposit$ into ! ,fund may be us$-- 7#a7 to c>ry out ! purposes set =? 9 subsection 7c72 & 7#b7 to pay = ! adm9i/rative exp5ses ( op]at+ ! ,fund4 7e7 ,economic p>tn]%ips 7#a7 ,9 g5]al ,all economic p>tn]%ips reque/+ support f ! ,fund %all include a ,pale/9ian entrepr5eur or company 9 ! ,pale/9ian t]ritories & an entrepr5eur or company f ! ,unit$ ,/ates or ,israel4 7#b7 ,trip>tite agreem5ts ,if an entrepr5eur or company outside ( ! ,unit$ ,/ates or ,israel desires to p>tn] ) a ,pale/9ian entrepr5eur or company1 a trip>tite agreem5t %all be e/abli%$ t includes an entrepr5eur or company f ! ,unit$ ,/ates or ,israel4 7#c7 ,priority ,! ,bo>d ( ,gov]nors & ! te*nical bo>ds e/abli%$ pursuant to subsection 7b77#a77;,e77i7 %\ld prioritize p>tn]%ips betwe5 ,israeli & ,pale/9ian entrepr5eurs & companies4 7#d7 ,fund+ requirem5t ,dur+ ea* fiscal ye>1 n less ?an #be p]c5t ( ! fund+ allocat$ f ! ,fund = economic p>tn]%ips %all be aw>d$ to p>tn]%ips t include-- 7,a7 ,pale/9ian entrepr5eurs or companies bas$ 9 ! ,pale/9ian t]ritories2 & 7,b7 ,israeli entrepr5eurs or companies bas$ 9 ,israel4 7f7 ,p-to-,p p>tn]%ips ,all p-to-p p>tn]%ips reque/+ support f ! ,fund %all include-- 7#a7 a ,pale/9ian nonpr(it organization1 an ,israeli nonpr(it organization1 or an int]national nonpr(it organization t br+s ,pale/9ians & ,israelis toge!r = %>$ community build+1 peaceful coexi/5ce1 dialogue1 & reconciliation2 or 7#b7 nonpr(it organizations t fur!r %>$ community build+1 peaceful coexi/5ce1 dialogue1 & reconciliation betwe5 ,arab & ,jewi% citiz5s ( ,israel4 7g7 ,alt]native fund+ /reams ,! ,bo>d ( ,gov]nors %\ld explore initiatives to promote long-t]m f9ancial su/a9ability ( ! ,fund ?r\gh rev5ue accru$ by successful v5tures4 7h7 ,limitations1 vett+1 & ov]sight 7#a7 ,limitations ,none ( ! funds made available "u ?is ,act may be made available =-- 7,a7 f9ancial assi/ance to national gov]nm5ts2 7,b7 assi/ance = any individual or gr\p t ! ,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t1 9 consultation ) ! heads ( o!r relevant ,f$]al ag5cies1 det]m9es to be-- 7i7 involv$ 91 or advocat+1 t]rori/ activity2 or 7ii7 a memb] ( a =eign t]rori/ organization 7z designat$ pursuant to section #bai ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aahi772 or 7,c7 assi/ance = ! ,pale/9ian ,au?ority1 ,hamas1 or ! ,pale/9e ,lib]ation ,organization4 7#b7 ,applicable laws ,assi/ance f ! ,fund %all be subject to all relevant laws relat+ to ,unit$ ,/ates ,gov]nm5t assi/ance1 includ+ to ! ,pale/9ians4 7#c7 ,compliance ) mission directives ,all exp5ditures f ! ,fund %all foll[ ! mission directives applicable to ! ,we/ ,bank & ,gaza t h be5 issu$ by ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t ,mission ,director or ,contract+ ,(fic]4 7#d7 ,,usaid inspector g5]al ,all op]ations & exp5ditures ( ! ,fund %all be subject to audits1 inve/igations1 & inspections conduct$ by ! ,(fice ( ! ,inspector ,g5]al at ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t4 7#e7 ,,gao ,all op]ations & exp5ditures ( ! ,fund %all be subject to assessm5t by ! ,gov]nm5t ,acc\ntability ,(fice4 7i7 ,annual report 7#a7 ,9 g5]al ,n lat] ?an #ij days aft] ! end ( ! fiscal ye> dur+ :i* ! ,fund is e/abli%$ & annually !reaft]1 ! ,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t %all submit a writt5 report to ! ,committee on ,=eign ,relations ( ! ,s5ate1 ! ,committee on ,appropriations ( ! ,s5ate1 ! ,committee on ,=eign ,affairs ( ! ,h\se ( ,repres5tatives1 & ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives 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 "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 improvem5ts to ! efficacy ( p-to-p relation%ips2 7,d7 a description ( pot5tial /rategies = a*iev+ su/a9ability = civic in/itutions t ! ,fund creates or supports1 includ+ novel f9anc+ me*anisms2 & 7,e7 a description ( ! process = vett+ & ov]sight ( entities eligible = support f ! ,fund to ensure compliance ) subsection 7h74 #e4 ,au?orization ( appropriations 7a7 ,9 g5]al ,!re is au?oriz$ to be appropriat$ #ej1jjj1jjj = ea* ( ! fir/ #e fiscal ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 7b7 ,availability ,am\nts appropriat$ pursuant to subsection 7a7 %all be us$ = ,unit$ ,/ates contributions to ! ,p>tn]%ip ,fund = ,peace e/abli%$ pursuant to section #d7;a74