Sec. 5. Authorization of assistance for Israel

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Congress finds that Israel has adopted high standards in the field of export controls, including by becoming adherent to the Australia Group, the Missile Technology Control Regime, the Nuclear Suppliers Group, and the Wassenaar Arrangement, and by enacting robust legislation and regulations for the control of dual-use and defense items. The President should include Israel on the list of destinations described in paragraph (c)(1) of section 740.20 of title 15, Code of Federal Regulations (relating to License Exception Strategic Trade Authorization).

In carrying out its authorities under title IV of chapter 2 of part I of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2191 et seq. ), the Overseas Private Investment Corporation should consider giving preference to providing insurance, financing, or reinsurance for energy and water projects in Israel. The President is authorized to carry out United States-Israel cooperative activities and to provide assistance promoting cooperation in the fields of energy, water, homeland security, agriculture, and alternative fuel technologies.

In carrying out paragraph (1), the President is authorized to share and exchange with Israel research, technology, intelligence, information, equipment, and personnel that the President determines will advance the national security interests of the United States and is consistent with the Strategic Dialogue and pertinent provisions of law— by enhancing scientific cooperation between Israel and the United States; or by the sale, lease, exchange in kind, or other techniques the President determines to be suitable.

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22 USC 2191

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Sec. 5

Authorization of assistance for Israel

Cite22 USC 2191

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