Whereas, on October 7, 2023, Hamas launched violent and deadly attacks on Israel by air, land, and sea; Whereas the United States and Israel have a longstanding economic and security relationship; Whereas the United States-Israel Free Trade Agreement was signed into law in June 1985 and was the first free trade agreement entered into by the United States; Whereas, since the signing of the Agreement, total trade between the United States and Israel has grown more than sevenfold; Whereas the United States is Israel’s single largest trading partner; Whereas the United States exported $14,200,000,000 in goods and $5,800,000,000 in services to Israel in 2022; Whereas the United States imported $21,400,000,000 in goods and $9,200,000,000 in services from Israel in 2022; Whereas the United States-Israel Free Trade Agreement also underpins the robust exchange of capital between the United States and Israel; Whereas Israeli companies directly invested $10,600,000,000 in the United States during 2022, supporting more than 20,000 United States jobs; and Whereas, following Hamas’s atrocious attacks on Israel, maintaining and expanding trade and investment between the United States and Israel is paramount: Now, therefore, be it

That the Senate— (1) recognizes that the economic relationship between the United States and Israel is strong and has benefitted both countries and the peoples of both countries; (2) expresses support for the people of Israel and the economy of Israel in the face of Hamas's attacks against Israel; and (3) affirms that— (A) the United States-Israel Free Trade Agreement set the stage for robust growth in trade and investment between the United States and Israel; and (B) the Agreement can similarly serve as a tool for supporting the economy of Israel during the conflict with Hamas.