WASHINGTON – Senator Bob Corker (R-TN), Chairman of the Senate Foreign Relations Committee, is set to unveil an updated version of the Taylor Force Act this afternoon after reaching an agreement with his colleagues from both parties. In an interview with Jewish Insider, Corker said that he hopes “to mark it up” on Wednesday during a formal business meeting at the Senate’s Foreign Relations Committee.

Introduced by Senator Lindsey Graham (R-SC), the bill would completely sever all U.S. economic aid to the Palestinian Authority if payments to terrorist families continue.

“What they (the Palestinians) are doing relative to rewarding terrorists for killing Israelis is beyond the pale,” said Corker. “We should have done it a long time ago. It’s something that we are going to speak to very soon.”

The recent standoff over Obamacare last week has reportedly delayed negotiations over the Taylor Force Act. However, with the GOP health care bill stalled, it appears lawmakers are now able to devote attention to the Taylor Force Act.

Corker had repeatedly noted that he hopes to pass a “Taylor Force like Act” by the August recess.

The Taylor Force Act is currently the most significant legislation being advanced in Congress impacting the Israeli-Palestinian conflict.

The full interview with Senator Bob Corker (R-TN) will be published later this week