This bill codifies Executive Order 14115, which imposes economic sanctions on individuals and entities undermining peace, security, and stability in the West Bank. The sanctions would be written into federal law, making them permanent unless the President takes specific action to remove them. The President can only lift sanctions on a person if he notifies relevant congressional committees at least 15 days in advance that the person has stopped the sanctioned activity and provided reliable assurances they won't resume it (or within 3 business days if circumstances are urgent). The bill requires the President to inform the Senate and House committees on foreign relations, banking, and financial services before terminating any sanctions. This legislation essentially locks in current West Bank-related sanctions into law, preventing them from being easily reversed without congressional oversight.
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