Bill > S4779

This bill, the PLO and PA Terror Payments Accountability Act of 2024, aims to impose sanctions on foreign persons and financial institutions that support the Palestinian Authority's (PA) and Palestine Liberation Organization's (PLO) system of compensation for terrorists and their families. The key provisions of the bill include: 1. Imposing sanctions (blocking of property, visa/entry restrictions) on foreign persons who have facilitated, directed, or provided payments, salaries, and benefits to terrorists and their families as part of the PA and PLO's "system of compensation" that incentivizes and rewards terrorism. 2. Imposing sanctions on foreign financial institutions that process or facilitate transactions related to the PA and PLO's terror payment system. 3. Allowing the President to terminate the provisions of the Act if the Secretary of State certifies that the PA and PLO's terror payment system has ceased to exist. The bill is intended to hold the PA and PLO accountable for their support of terrorism through their compensation system, which has continued despite the enactment of the Taylor Force Act in 2018.