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

Summary:
This resolution affirms that the U.S.-Israel economic partnership has benefitted both countries and is a foundational component of the strong alliance.
The resolution 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.
It also encourages the President to regularize and expand forums of economic dialogue with Israel and foster public and private sector participation.
The resolution supports the exploration of new agreements with Israel, including in the fields of energy, water, agriculture, medicine, neurotechnology, and cybersecurity.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 324 Introduced in House (IH)]

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116th CONGRESS
  1st Session
H. RES. 324

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 18, 2019

 Mr. Ted Lieu of California (for himself and Mr. Allen) submitted the 
 following resolution; which was referred to the Committee on Foreign 
                                Affairs

_______________________________________________________________________

                               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, 2019, the United States will celebrate the 34th 
        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 a 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 $47,100,000,000 annually;
Whereas Israel is the largest importer of United States goods in the Middle East 
        and North Africa (MENA) region despite representing only 2 percent of 
        the region's population;
Whereas nearly 40 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 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 nondefense industrial research and development of mutual benefit 
        to both countries in agriculture, communications, life sciences, 
        electronics, electro-optics, energy, health care 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 Israel 
        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 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 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, 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 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;
Whereas, in 2018, United States and Israel officials convened for the 33d 
        session of the U.S.-Israel Joint Economic Development Group, the premier 
        annual economic dialogue between the two Governments;
Whereas, in 2018, Secretary of the Treasury Steven Mnuchin said, ``We have a 
        very important relationship with Israel. This is really a great place 
        for investments, particularly technology investments. We are going to 
        make sure we do more infrastructure investments here.'';
Whereas, in 2018, the Environmental Protection Agency and Israel's Ministry of 
        Environmental Protection renewed a Memorandum of Understanding to focus 
        on scientific and technical collaboration to protect the environment by 
        exchanging information, arranging visits of scientific personnel, 
        cooperating in scientific symposia and workshops, and undertaking 
        cooperative research projects concerning problems of common interest; 
        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 House of Representatives--
            (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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