Congressman Sherman’s Pro-Israel Amendments Unanimously Pass the House Foreign Affairs Committee
Washington, D.C. – Today, multiple amendments offered by Congressman Brad Sherman (D-Sherman Oaks), a senior member of the House Foreign Affairs Committee, to H.R. 5105, or the BUILD Act, passed the Foreign Affairs Committee unanimously.
Congressman Sherman is a cosponsor of the BUILD Act, which will transfer the functions, personnel, assets, liabilities, and policies of the Overseas Private Investment Corporation (OPIC) to the U.S. Development Finance Corporation (DFC) and expand its authorities.
Sherman’s first amendment would require the DFC to consider whether the parties involved in a project seeking support from the DFC participate in the Arab League’s anti-Israel boycott or any other boycott against a friendly government identified by the U.S. government.
Another Sherman amendment to the BUILD Act would help ensure that the DFC avoids supporting projects where the beneficiaries are entities that conduct activities subject to sanctions. It would require an affirmative certification that the beneficiaries of DFC support, and any affiliated entities, do not conduct business that is subject to U.S. sanctions laws.
“Boycott participation should be an important consideration for our foreign assistance programs,” Sherman said. “We should take appropriate steps that our foreign aid beneficiaries, and all of their affiliated companies, are not undermining our foreign policy goals—a certification requirement will be an important enforcement mechanism.
Sherman is also a cosponsor and strong supporter of H.R. 5141, the U.S.-Israel Security Assistance Authorization Act, which unanimously passed the House Foreign Affairs Committee. The Committee also unanimously passed the BUILD Act with Sherman’s amendments.