This Act may be cited as the “International Fund for Israeli-Palestinian Peace Authorization Act of 2017”.

(a) Findings.—Congress finds the following:

(1) Peaceful co-existence in the Middle East between Israelis and Palestinians, and between Muslims, Christians, Jews, and those of all backgrounds is in the interests of the United States, Israel, the Palestinian people, and the world.

(2) While the United States and its international allies continue to support diplomatic and political negotiations between the representatives of the parties to the conflict as well as others, in the long run such efforts require broad popular support among people in order to succeed. In order to achieve lasting peace in the region, the people who live there must, over time, sustain any potential high-level agreements.

(3) Through many independent individual and nongovernmental activities, tens of thousands of people of different backgrounds are already working together to build better relations between people, through people-to-people coexistence and trust-building measures, activities, and other cooperative efforts.

(4) By working cooperatively on shared goals and addressing mutual understanding, participants in such activities, including youth, can come to reject violence and understand the promise of peaceful coexistence.

(5) Through support for people-to-people exchanges in the region and joint economic initiatives, millions of ordinary citizens affected by this conflict can assist in building support for lasting peace.

(6) Working together, the United States, countries around the world, and the private sector can, and often seek to support opportunities that, help sustain support for peace with the establishment and funding of an independent International Fund for Israeli-Palestinian Peace (referred to in this Act as the “International Fund”), to promote and support contact, cooperation, dialogue, shared community building, peaceful coexistence, joint economic development, and reconciliation between Israelis and Palestinians.

(7) United States and international support for grassroots people-to-people efforts can help serve as an antidote to false propaganda by terrorist groups and the growing issue of incitement.

(8) The International Fund shall serve as a coordinating entity offering expertise and support, adhering to best practices for governance, transparency, assessment and accountability. The International Fund will be an ongoing presence and catalyst for rejecting violence and building broad public support for sustaining peace in the region. The International Fund is not intended to be a political forum, but a grant-making body to facilitate enduring people-to-people relationships and sustained joint economic development.

(b) Purposes.—The purposes of this Act are as follows:

(1) To urge the President to make every effort, in conjunction with the Government of Israel, the Palestinian Authority, regional governments, and the international community to establish a non-political, mutually acceptable International Fund to promote and support contact, cooperation, dialogue, shared community building, peaceful coexistence, joint economic development, and reconciliation between Israelis and Palestinians.

(2) To provide for United States contributions to consist of amounts made available to carry out chapter 4 of part II of the Foreign Assistance Act of 1961 (22 U.S.C. 2346 et seq. (relating to the Economic Support Fund)) for payment to the International Fund to carry out the activities described in paragraph (1), in addition to overhead costs of the establishment of said fund and the function of its oversight board.

Congress urges the President to make every effort, in conjunction with the Government of Israel, the Palestinian Authority, and the international community, to establish an International Fund for Israeli-Palestinian Peace governed by a board of the constituent parties to carry out the purposes described in section 2(b).

(a) In general.—Of the amounts made available for each of fiscal years 2017 through 2021 to carry out chapter 4 of part II of the Foreign Assistance Act of 1961 (22 U.S.C. 2346 et seq. (relating to the Economic Support Fund)), $50,000,000 is authorized to be appropriated for United States contributions to the International Fund following the committee of jurisdictions agreement to the structure of the fund and its board.

(b) Additional authorities.—Amounts authorized to be appropriated pursuant to subsection (a)—

(1) are in addition to amounts otherwise authorized to be appropriated for such purposes; and

(2) are authorized to remain available until expended.

(a) Support and promotion of purposes.—United States contributions to the International Fund provided for in section 4 may be used only to support and promote the purposes described in section 2(b).

(b) Additional restrictions.—The restrictions described in section 531(e) of the Foreign Assistance Act of 1961 (22 U.S.C. 2346(e)) shall apply to United States contributions to the International Fund provided for in section 4 to the same extent and in the same manner as such restrictions apply to amounts made available to carry out chapter 4 of part II of the Foreign Assistance Act of 1961. The United States contributions shall be managed and dispersed through existing USAID mechanisms.

(c) United States representation on Board of International Fund.—The United States shall provide two representatives from different political parties to the Board of the International Fund. The function of the board is to provide recommendations for programmatic support and direction on promoting contact, cooperation, dialogue, shared community building, peaceful coexistence, joint economic development, and reconciliation between Israelis and Palestinians. The board should oversee and contain an expertise in program integrity, monitoring and evaluation and assessment.

(a) In general.—At the end of each fiscal year in which the United States Government makes any contribution to the International Fund in accordance with this Act, the President shall transmit to Congress a written report on the extent to which the International Fund and United States contributions to the International Fund have contributed to promoting and supporting contact, cooperation, dialogue, shared community building, peaceful coexistence, joint economic development, and reconciliation between Israelis and Palestinians.

(b) Matters To be included.—The reports required under subsection (a) shall also include the following:

(1) Information on contributions pledged to, contributions (including donations from the private sector) received by, and projects funded by the International Fund, and the mechanisms established for transparency and accountability in the grant-making process.

(2) A description of the International Fund’s operations, activities, budget, receipts, and expenditures for the preceding 12-month period, including an audited report of the International Fund’s finances, including statements of financial position, operations, and cash flows, in accordance with the United States generally accepted government auditing standards as prescribed by the Comptroller General.

(3) Insights gleaned from what drives the efficacy of people-to-people relationships in addition to a description of potential strategies for getting to sustainability for civic institutions that the fund creates or supports including novel financing mechanisms.