Title: A resolution recognizing the importance of the United States-Israel economic relationship and encouraging new areas of cooperation.
Policy area: International Affairs

Summary:
Affirms that the U.S.-Israel economic partnership has benefitted both countries and is a foundational component of the strong alliance.
Recognizes that science and technology innovation present promising new frontiers for U.S.-Israel economic cooperation, particularly in light of widespread drought, cybersecurity attacks, and other major challenges impacting the United States.
Encourages the President to regularize and expand forums of economic dialogue with Israel and foster public and private sector participation.
Supports the exploration of new agreements with Israel, including in the fields of energy, water, agriculture, medicine, neurotechnology, and cybersecurity.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. Res. 90 Introduced in Senate (IS)]

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115th CONGRESS
  1st Session
S. RES. 90

    Recognizing the importance of the United States-Israel economic 
         relationship and encouraging new areas of cooperation.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 21, 2017

   Mr. Perdue (for himself, Mr. Gardner, Mr. Rubio, Ms. Collins, Mr. 
 Isakson, Mr. Cruz, Mr. Coons, Mr. Kaine, Mr. Peters, and Mr. Tester) 
submitted the following resolution; which was referred to the Committee 
                          on Foreign Relations

_______________________________________________________________________

                               RESOLUTION


 
    Recognizing the importance of the United States-Israel economic 
         relationship and encouraging new areas of cooperation.

Whereas the deep bond between the United States and Israel is exemplified by its 
        many facets, including the robust economic and commercial relationship;
Whereas, on April 22, 2015, the United States celebrated the 32nd anniversary of 
        its free trade agreement with Israel, which was the first free trade 
        agreement entered into by the United States;
Whereas the United States-Israel Free Trade Agreement established the United 
        States-Israel Joint Committee to facilitate the agreement and 
        collaborate on efforts to increase bilateral cooperation and investment;
Whereas, since the signing of this agreement, two-way trade has multiplied 
        tenfold to over $40,000,000,000 annually;
Whereas Israel is the third largest importer of United States goods in the 
        Middle East and North Africa (MENA) region after Saudi Arabia and the 
        United Arab Emirates, despite representing only 2 percent of the 
        region's population;
Whereas nearly 40 percent (37 percent) of all investment in the United States 
        from the MENA region comes from Israel;
Whereas Israel has more companies listed on the NASDAQ Stock Exchange than any 
        other country except for the United States and China;
Whereas, in 1956, the United States-Israel Education Foundation was established 
        to administer the Fulbright Program in Israel, and has facilitated the 
        exchange of nearly 3,300 students between the United States and Israel 
        since its inception;
Whereas, in 1972, the United States-Israel Binational Science Foundation (BSF) 
        was established to promote scientific relations between the United 
        States and Israel by supporting collaborative research projects in basic 
        and applied scientific fields, and has generated investments of over 
        $480,000,000 to over 4,000 projects since its inception;
Whereas Binational Science Foundation grant recipients have included 45 Nobel 
        Laureates, 19 winners of the Albert Lasker Medical Research Award, and 
        38 recipients of the Wolf Prize;
Whereas, in 1977, the United States-Israel Binational Industrial Research and 
        Development Foundation (BIRD) was established to stimulate, promote, and 
        support non-defense industrial research and development of mutual 
        benefit to both countries in agriculture, communications, life sciences, 
        electronics, electro-optics, energy, healthcare information technology, 
        homeland security, software, water, and other technologies, and has 
        provided over $300,000,000 to over 700 joint projects since its 
        inception;
Whereas recent successful BIRD projects include the ReWalk system that helps 
        paraplegics walk, a medical teaching simulator for Laparoscopic 
        Hysterectomies, and a new drug to treat chronic gout;
Whereas, in 1978, the United States-Israel Binational Agricultural Research and 
        Development Fund was established as a competitive funding program for 
        mutually beneficial, mission-oriented, strategic and applied research of 
        agricultural problems conducted jointly by United States and Israeli 
        scientists, and has provided over $250,000,000 to over 1,000 projects 
        since its inception;
Whereas an independent review of the United States-Israel Binational 
        Agricultural Research and Development Fund (BARD) estimated that the 
        dollar benefits of just 10 of its projects through 2010 came to 
        $440,000,000 in the United States and $300,000,000 in Israel, far 
        exceeding total investment in the program;
Whereas, in 1984, the United States and Israel began convening the Joint 
        Economic Development Group (JEDG) to regularly discuss economic 
        conditions and identify new opportunities for collaboration;
Whereas, in 1994, the United States-Israel Science and Technology Foundation 
        (USISTF) was established to promote the advancement of science and 
        technology for mutual economic benefit and has developed joint research 
        and development programs that reach 12 States;
Whereas the United States-Israel Innovation Index (USI3), which was developed by 
        USISTF to track and benchmark innovation relationships, ranks the United 
        States-Israel innovation relationship as top-tier;
Whereas, in 2007, the United States-Israel Binational Industrial Research and 
        Development Foundation (BIRD) Energy program was established to provide 
        support for joint United States-Israel research and development of 
        renewable energy and energy efficiency, and has provided $18,000,000 to 
        20 joint projects since its founding;
Whereas, since 2011, the United States Department of Energy and the Israeli 
        Ministry of National Infrastructures, Energy and Water Resources have 
        led an annual United States-Israel Energy Meeting with participants 
        across government agencies to facilitate bilateral cooperation in that 
        sector;
Whereas, in 2012, Congress passed and President Barack Obama signed into law the 
        United States-Israel Enhanced Security Cooperation Act of 2012 (Public 
        Law 112-150), which set United States policy to expand bilateral 
        cooperation across the spectrum of civilian sectors, including high 
        technology, agriculture, medicine, health, pharmaceuticals, and energy;
Whereas, in 2013, President Obama said in reference to Israel's contribution to 
        the global economy, ``That innovation is just as important to the 
        relationship between the United States and Israel as our security 
        cooperation.'';
Whereas, in 2014, Secretary of the Treasury Jacob Lew said, ``As one of the most 
        technologically-advanced and innovative economies in the world, Israel 
        is an important economic partner to the United States.'';
Whereas, in 2014, Congress passed and President Obama signed into law the United 
        States-Israel Strategic Partnership Act of 2014 (Public Law 113-296), 
        which deepened cooperation on energy, water, agriculture, trade, and 
        defense, and expressed the sense of Congress that Israel is a major 
        strategic partner of the United States;
Whereas the 2015 Global Venture Capital Confidence Survey ranked the United 
        States and Israel as the two countries with the highest levels of 
        investor confidence in the world; and
Whereas economic cooperation between the United States and Israel has also 
        thrived at the State and local levels through both formal agreements and 
        bilateral organizations in over 30 States that have encouraged new forms 
        of cooperation in fields such as water conservation, cybersecurity, and 
        alternative energy and farming technologies: Now, therefore, be it
    Resolved, That the Senate--
            (1) affirms that the United States-Israel economic 
        partnership has achieved great tangible and intangible benefits 
        to both countries and is a foundational component of the strong 
        alliance;
            (2) recognizes that science and technology innovation 
        present promising new frontiers for United States-Israel 
        economic cooperation, particularly in light of widespread 
        drought, cybersecurity attacks, and other major challenges 
        impacting the United States;
            (3) encourages the President to regularize and expand 
        existing forums of economic dialogue with Israel and foster 
        both public and private sector participation; and
            (4) expresses support for the President to explore new 
        agreements with Israel, including in the fields of energy, 
        water, agriculture, medicine, neurotechnology, and 
        cybersecurity.
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