This bill aims to impose stringent sanctions on the Palestine Liberation Organization and the Palestinian Authority, holding them accountable for maintaining a system that provides payments, salaries, and benefits to terrorists and their families. The legislation asserts that this system incentivizes and supports acts of terrorism, noting its persistence despite previous U.S. efforts like the Taylor Force Act. The bill mandates the President to impose sanctions on foreign persons and entities involved in this compensation system, including individuals in leadership roles and specific organizations facilitating these payments. Sanctions include the blocking of property within U.S. jurisdiction and rendering individuals ineligible for U.S. visas or admission , with existing visas subject to revocation. Additionally, the legislation targets foreign financial institutions that knowingly process transactions related to these terror payments or engage in significant financial dealings with sanctioned persons. Such institutions would face prohibitions or strict conditions on maintaining correspondent or payable-through accounts in the United States. The sanctions imposed by this Act would only be terminated if the Secretary of State certifies that the Palestine Liberation Organization and the Palestinian Authority's system of compensating terrorists and their families has completely ceased.