United States-Israel International Development Cooperation Act of 2023

S 2240, the United States-Israel International Development Cooperation Act of 2023, increases annual funding for US-Israel development projects from $2 million to $4 million (fiscal years 2024-2026) under the Foreign Assistance Act. It directly affects US-Israel cooperative development efforts in countries across Africa, Eastern Europe, and Latin America, focusing on sectors like water technology, agriculture, and education. The bill requires the USAID Administrator to submit a report within 180 days on expanding these projects, including multilateral cooperation with regional partners, and assessing resource needs. This legislation formalizes and scales up existing US-Israel development collaboration, as evidenced by their 2019 partnership agreement.