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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. Res. 445 Introduced in Senate (IS)]

<DOC>

118th CONGRESS
  1st Session
S. RES. 445

  Recognizing the importance of the economic relationship between the 
 United States and Israel and affirming that trade facilitated by the 
  United States-Israel Free Trade Agreement is a tool to support the 
           economy of Israel during the conflict with Hamas.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                            November 2, 2023

 Mrs. Blackburn (for herself, Ms. Cortez Masto, Mr. Crapo, Mr. Tillis, 
Mr. Barrasso, Mr. Lankford, Mr. Scott of South Carolina, Mr. Young, Mr. 
   Cassidy, Mr. Menendez, Mr. Cardin, and Mr. Cornyn) submitted the 
  following resolution; which was referred to the Committee on Finance

_______________________________________________________________________

                               RESOLUTION

 
  Recognizing the importance of the economic relationship between the 
 United States and Israel and affirming that trade facilitated by the 
  United States-Israel Free Trade Agreement is a tool to support the 
           economy of Israel during the conflict with Hamas.

Whereas, on October 7, 2023, Hamas launched violent and deadly attacks on Israel 
        by air, land, and sea;
Whereas the United States and Israel have a longstanding economic and security 
        relationship;
Whereas the United States-Israel Free Trade Agreement was signed into law in 
        June 1985 and was the first free trade agreement entered into by the 
        United States;
Whereas, since the signing of the Agreement, total trade between the United 
        States and Israel has grown more than sevenfold;
Whereas the United States is Israel's single largest trading partner;
Whereas the United States exported $14,200,000,000 in goods and $5,800,000,000 
        in services to Israel in 2022;
Whereas the United States imported $21,400,000,000 in goods and $9,200,000,000 
        in services from Israel in 2022;
Whereas the United States-Israel Free Trade Agreement also underpins the robust 
        exchange of capital between the United States and Israel;
Whereas Israeli companies directly invested $10,600,000,000 in the United States 
        during 2022, supporting more than 20,000 United States jobs; and
Whereas, following Hamas's atrocious attacks on Israel, maintaining and 
        expanding trade and investment between the United States and Israel is 
        paramount: Now, therefore, be it
    Resolved, That the Senate--
            (1) recognizes that the economic relationship between the 
        United States and Israel is strong and has benefitted both 
        countries and the peoples of both countries;
            (2) expresses support for the people of Israel and the 
        economy of Israel in the face of Hamas's attacks against 
        Israel; and
            (3) affirms that--
                    (A) the United States-Israel Free Trade Agreement 
                set the stage for robust growth in trade and investment 
                between the United States and Israel; and
                    (B) the Agreement can similarly serve as a tool for 
                supporting the economy of Israel during the conflict 
                with Hamas.
                                 <all>
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