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Middle East Cooperation Boost: Funding for Trade, Security, and Youth Exchange.

This law authorizes $105 million for a fund dedicated to strengthening economic, scientific, and security cooperation between Israel and normalizing Arab nations. Citizens in the region will benefit from new opportunities in trade, technology, water access, and education, alongside efforts to enhance regional stability. It also establishes youth exchange programs and scholarships to foster long-term people-to-people connections and mutual understanding.
Key points
Establishes a $105 million fund to finance regional economic, water, energy, and security projects in the Middle East (Abraham Accords and Negev Forum Opportunity Fund).
Creates a Special US Envoy position to coordinate diplomacy and negotiate a comprehensive regional economic and security partnership framework.
Funds educational exchange programs and scholarships for young leaders (YMELI) to build mutual understanding and promote stability in the region.
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Additional Information
Print number: 118_S_2413
Sponsor: Sen. Menendez, Robert [D-NJ]
Process start date: 2023-07-20