[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 1092 Introduced in House (IH)]
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118th CONGRESS
2d Session
H. RES. 1092
Recognizing the importance of the economic relationship between the
United States and Israel and affirming that trade facilitated by the
United States-Israel Free Trade Agreement is a tool to support the
economy of Israel during the conflict with Hamas.
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IN THE HOUSE OF REPRESENTATIVES
March 19, 2024
Mr. Hern (for himself, Mr. Schneider, Mr. Steube, Mr. Murphy, Ms.
Tenney, Mr. Panetta, Mr. Ferguson, Mr. Schweikert, Mr. Kustoff, Mrs.
Miller of West Virginia, Mr. Kelly of Pennsylvania, Mr. Wenstrup, and
Mr. LaHood) submitted the following resolution; which was referred to
the Committee on Foreign Affairs, and in addition to the Committee on
Ways and Means, for a period to be subsequently determined by the
Speaker, in each case for consideration of such provisions as fall
within the jurisdiction of the committee concerned
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RESOLUTION
Recognizing the importance of the economic relationship between the
United States and Israel and affirming that trade facilitated by the
United States-Israel Free Trade Agreement is a tool to support the
economy of Israel during the conflict with Hamas.
Whereas, on October 7, 2023, Hamas launched violent and deadly attacks on Israel
by air, land, and sea;
Whereas the United States and Israel have a longstanding economic and security
relationship;
Whereas the United States-Israel Free Trade Agreement was signed into law in
June 1985 and was the first free trade agreement entered into by the
United States;
Whereas, since the signing of the Agreement, total trade between the United
States and Israel has grown more than sevenfold;
Whereas the United States is Israel's single largest trading partner;
Whereas the United States exported $14,200,000,000 in goods and $5,800,000,000
in services to Israel in 2022;
Whereas the United States imported $21,400,000,000 in goods and $9,200,000,000
in services from Israel in 2022;
Whereas the United States-Israel Free Trade Agreement also underpins the robust
exchange of capital between the United States and Israel;
Whereas Israeli companies directly invested $10,600,000,000 in the United States
during 2022, supporting more than 20,000 United States jobs; and
Whereas, following Hamas's atrocious attacks on Israel, maintaining and
expanding trade and investment between the United States and Israel is
paramount: Now, therefore, be it
Resolved, That the House of Representatives--
(1) recognizes that the economic relationship between the
United States and Israel is strong and has benefitted both
countries and the peoples of both countries;
(2) expresses support for the people of Israel and the
economy of Israel in the face of Hamas's attacks against
Israel; and
(3) affirms that--
(A) the United States-Israel Free Trade Agreement
set the stage for robust growth in trade and investment
between the United States and Israel; and
(B) the Agreement can similarly serve as a tool for
supporting the economy of Israel during the conflict
with Hamas.
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