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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 5467 Introduced in Senate (IS)]

<DOC>

118th CONGRESS
  2d Session
                                S. 5467

 To codify Executive Order 14115 imposing certain sanctions on persons 
      undermining peace, security, and stability in the West Bank.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                           December 10, 2024

   Mr. Welch (for himself, Mr. Durbin, Mr. Reed, Mr. Van Hollen, Mr. 
Sanders, and Mr. Merkley) introduced the following bill; which was read 
  twice and referred to the Committee on Banking, Housing, and Urban 
                                Affairs

_______________________________________________________________________

                                 A BILL

 
 To codify Executive Order 14115 imposing certain sanctions on persons 
      undermining peace, security, and stability in the West Bank.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Sanctions and Accountability for 
Non-Compliance and Transparent Investigative Oversight for National 
Security in the West Bank Act'' or the ``SANCTIONS in the West Bank 
Act''.

SEC. 2. CODIFICATION OF SANCTIONS ON PERSONS UNDERMINING PEACE, 
              SECURITY, AND STABILITY IN THE WEST BANK.

    (a) Codification.--United States sanctions provided for in 
Executive Order 14115 (89 Fed. Reg. 7605; relating to imposing certain 
sanctions on persons undermining peace, security, and stability in the 
West Bank), as in effect on the day before the date of the enactment of 
this Act, including with respect to all persons sanctioned under that 
Executive order, shall remain in effect except as provided in 
subsection (b).
    (b) Termination of Certain Sanctions.--
            (1) In general.--The President may terminate the 
        application of sanctions described in subsection (a) that are 
        imposed with respect to a person in connection with activity 
        conducted by the person if the President submits to the 
        appropriate congressional committee a notice that--
                    (A) the person is not engaging in the activity that 
                was the basis for the sanctions or has taken 
                significant verifiable steps toward stopping the 
                activity; and
                    (B) the President has received reliable assurances 
                that the person will not knowingly engage in activity 
                subject to sanctions described in subsection (a) in the 
                future.
            (2) Timing for notice.--The President shall submit the 
        notice required by paragraph (1) with respect to the 
        termination of the application of sanctions with respect to a 
        person--
                    (A) except as provided by subparagraph (B), not 
                less than 15 days before terminating the application of 
                such sanctions; and
                    (B) in the event of exigent circumstances, as soon 
                as practicable, but in no event later than 3 business 
                days after terminating the application of such 
                sanctions.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Foreign Relations and the Committee on 
        Banking, Housing, and Urban Affairs of the Senate; and
            (2) the Committee on Foreign Affairs and the Committee on 
        Financial Services of the House of Representatives.
                                 <all>
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