176 
(d) REPORT ON POLITICALLY MOTIVATED ACTS OF 
BOYCOTT, DIVESTMENT FROM, AND SANCTIONS AGAINST 
ISRAEL.— 
(1) IN GENERAL.—Not later than 180 days after 
the date of the enactment of this Act, and annually 
thereafter, the President shall submit to Congress a re-
port on politically motivated acts of boycott, divest-
ment from, and sanctions against Israel. 
(2) MATTERS TO BE INCLUDED.—The report re-
quired by paragraph (1) shall include the following: 
(A) A description of the establishment of 
barriers to trade, including non-tariff barriers, 
investment, or commerce by foreign countries or 
international 
organizations 
against 
United 
States persons operating or doing business in 
Israel, with Israeli entities, or in Israeli-con-
trolled territories. 
(B) A description of specific steps being 
taken by the United States to encourage foreign 
countries and international organizations to 
cease creating such barriers and to dismantle 
measures already in place and an assessment of 
the effectiveness of such steps. 
(C) A description of specific steps being 
taken by the United States to prevent investiga-
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177 
tions or prosecutions by governments or inter-
national organizations of United States persons 
on the sole basis of such persons doing business 
with Israel, with Israeli entities, or in Israeli- 
controlled territories. 
(D) Decisions by foreign persons, including 
corporate entities and state-affiliated financial 
institutions, that limit or prohibit economic rela-
tions with Israel or persons doing business in 
Israel or in Israeli controlled territories. 
(e) ISRAEL TRADE AND COMMERCE BOYCOTT REPORT-
ING.—Section 13 of the Securities Exchange Act of 1934 
(15 U.S.C. 78m) is amended by adding at the end the fol-
lowing: 
‘‘(s) ISRAEL TRADE AND COMMERCE BOYCOTT RE-
PORTING.— 
‘‘(1) IN GENERAL.—Each foreign issuer required 
to file an annual or quarterly report under subsection 
(a) shall disclose in that report— 
‘‘(A) whether the issuer has discriminated 
against doing business with Israel in the last 
calendar year and in such cases an issuer shall 
provide a description of the discrimination. 
‘‘(B) whether the issuer has been advised by 
a foreign government or a non-member state of 
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178 
the United Nations to discriminate against 
doing business with Israel, entities owned or con-
trolled by the government of Israel, or entities 
operating in Israel or Israeli-controlled territory; 
and 
‘‘(C) any instances where the issuer has 
learned that a person, foreign government, or a 
non-member state of the United Nations is boy-
cotting the issuer, divesting themselves of an 
ownership interest in the issuer, or placing sanc-
tions on the issuer because of the issuer’s rela-
tionship with Israel, entities owned or controlled 
by the government of Israel, or entities operating 
in Israel or Israeli-controlled territory. 
‘‘(2) DEFINITIONS.—For purposes of this sub-
section: 
‘‘(A) FOREIGN ISSUER.—The term ‘foreign 
issuer’ means an issuer that is not incorporated 
in the United States. 
‘‘(B) NON-MEMBER STATES OF THE UNITED 
NATIONS.—The term ‘non-member states of the 
United Nations’ has the meaning given such 
term by the United Nations.’’. 
(f) FOREIGN JUDGMENTS AGAINST UNITED STATES 
PERSONS.—No court in the United States may recognize 
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179 
or enforce any judgment which is entered by a foreign court 
against a United States person carrying out business oper-
ations in Israel or in any territory controlled by Israel and 
on which is based a determination by the foreign court that 
the location in Israel, or in any territory controlled by 
Israel, of the facilities at which the business operations are 
carried out is sufficient to constitute a violation of law. 
(g) DEFINITIONS.—In this section: 
(1) BOYCOTT, DIVESTMENT
FROM, AND
SANC-
TIONS AGAINST ISRAEL.—The term ‘‘boycott, divest-
ment from, and sanctions against Israel’’ means ac-
tions by states, non-member states of the United Na-
tions, international organizations, or affiliated agen-
cies of international organizations that are politically 
motivated and are intended to penalize or otherwise 
limit commercial relations specifically with Israel or 
persons doing business in Israel or in Israeli-con-
trolled territories. 
(2) FOREIGN PERSON.—The term ‘‘foreign per-
son’’ means— 
(A) any natural person who is not lawfully 
admitted for permanent residence (as defined in 
section 101(a)(20) of the Immigration and Na-
tionality Act (8 U.S.C. 1101(a)(20)) or who is 
not a protected individual (as defined in section 
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180 
274B(a)(3) of such Act (8 U.S.C. 1324b(a)(3)); 
and 
(B) any foreign corporation, business asso-
ciation, partnership, trust, society or any other 
entity or group that is not incorporated or orga-
nized to do business in the United States, as well 
as any international organization, foreign gov-
ernment and any agency or subdivision of for-
eign government, including a diplomatic mis-
sion. 
(3) PERSON.— 
(A) IN
GENERAL.—The term ‘‘person’’ 
means— 
(i) a natural person; 
(ii) a corporation, business association, 
partnership, society, trust, financial institu-
tion, insurer, underwriter, guarantor, and 
any other business organization, any other 
nongovernmental entity, organization, or 
group, and any governmental entity oper-
ating as a business enterprise; and 
(iii) any successor to any entity de-
scribed in clause (ii). 
(B) APPLICATION TO GOVERNMENTAL ENTI-
TIES.—The term ‘‘person’’ does not include a 
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