This bill aims to limit U.S. financial contributions to the United Nations and other international organizations that grant the Palestine Liberation Organization (PLO) any status, rights, or privileges exceeding observer status. It amends Section 414(a) of the Foreign Relations Authorization Act, Fiscal Years 1990 and 1991, and Section 410 of the Foreign Relations Authorization Act, Fiscal Years 1994 and 1995, by replacing references to "the same standing as member states" and "full membership" with the phrase "any status, rights, or privileges beyond observer status." The legislation's core purpose is to prevent U.S. funds from supporting organizations that elevate the PLO's standing beyond observer status, and it includes a specific rule of construction clarifying that these provisions do not apply to Taiwan.