This bill would declare that Congress opposes United Nations Human Rights Council resolutions to blacklist and boycott companies that do business in Israel or countries friendly to the U.S. It would prohibit U.S. companies engaged in interstate or foreign commerce from requesting the imposition of a boycott of a country friendly to the U.S., or supporting a boycott fostered or imposed by an international organization against Israel.
The Export-Import Bank would have the ability to deny credit applications for the export of goods and services between the U.S. and foreign countries because of actions that are politically motivated and are intended to penalize or limit commercial relations with Israeli citizens, entities, or the government of Israel.
This legislation would not alter established U.S. policy “concerning final status issues with the Arab-Israel conflict, including border delineation that can only be resolved through direct negotiations between the parties.” It also wouldn’t make any U.S. policy statement about settlements in contested territories.
Federal law has prohibited participation in other nation’s economic boycotts since 1977, which is enforced through the Office of Antiboycott Compliance, violations of which are punishable by fines and potentially jail time. This legislation broadens that to include boycotts promoted by international organizations.