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Wednesday, February 24, 2016

Congress Moves to Boost Investment in Israeli Technology

Measure intended as rebuke to BDS movement, Obama administration

Congress is seeking to boost U.S. investment in Israeli security technologies and other sectors in response to efforts by international anti-Israel groups to promote economic boycotts of the Jewish state, according to a copy of a measure obtained by the Washington Free Beacon.

As lawmakers pave the way for U.S. states to divest taxpayer funds from anti-Israel companies, another group of legislators is pushing a measure that would encourage the Obama administration to invest in new Israeli technologies, including those that could prevent cyber security attacks and other national security threats.

The latest measure comes in response to efforts by anti-Israel supporters of the Boycott, Divestment, and Sanctions movement, or BDS, to convince U.S. companies to stop operating in the Jewish state.

Congressional insiders tracking the new measures said that the efforts are garnering bipartisan support and are aimed at sending a message to the Obama administration, as well as anti-Israel groups, that America remains committed to building U.S.-Israel economic ties.

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