Freezing of Funds Paid by the Palestinian Authority in Connection with Terrorism from the Funds Transferred to It by the Government of Israel Law (Amendment – Forfeiture and Management of the Funds) Bill
Translated from Hebrew: הצעת חוק הקפאת כספים ששילמה הרשות הפלסטינית בזיקה לטרור מהכספים המועברים אליה מממשלת ישראל (תיקון - חילוט הכספים וניהולם)
TL;DRThe proposal states that funds of the Palestinian Authority frozen over terrorism will be forfeited after two years if it continues to pay terrorists, and will be transferred to a dedicated fund for victims of terrorism.
Translated from Hebrew
What does the bill do?
The proposal amends the 2018 law on freezing Palestinian Authority funds in connection with terrorism. In the past the funds were only frozen; now, if the Palestinian Authority continues to pay funds for terrorists for two years from the day of the freeze, the frozen funds will be forfeited in favor of the State of Israel. The forfeited funds will be deposited in a dedicated fund to be managed by the Administrator General, invested in accordance with the law, and distributed for purposes including compensation for victims of terrorism in Israel, enforcement of judgments against the Authority or terrorists, and indemnifying the property compensation fund.
The votes on this bill
Coalition 72 seats
Opposition 48 seats
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