This bill would amend the Export Administration Act of 1979 to establish U.S. policy of opposing boycotts against the U.S. or its allies, including Israel, and direct the Export-Import Bank to oppose boycotts against Israel. It would also allow the Export-Import Bank to deny credit applications for the export of goods and services on the basis of an applicant’s support for politically motivated boycotts, or other actions and policies, meant to limit commercial relations with Israel.
Furthermore, the bill would define “boycott of, divestment from, and sanctions against Israel” as any “politically motivated” effort “intended to penalize or otherwise limit commercial relations specifically with Israel or persons doing business in Israel or in Israeli-controlled territories.” Because it conflates Israel with territories it controls, this provision would make it illegal (and punishable by sizable fines) to participate in any boycott of Israeli settlements, even a boycott sanctioned by the UN.
2 cosponsors (1R, 1D).
See also: related bill S. 3465 of 9/29/16.
Last major action: 11/14/16 referred to House Financial Services Comm.