To withhold United States contributions to the United Nations or a United Nations agency if the United Nations or such agency supports the recognition of an independent Palestinian state, and for other purposes.

Directs the Secretary of State to withhold U.S. contributions from the regularly assessed biennial budget of the United Nations (U.N.), assessed contributions to peacekeeping operations, and voluntary contributions to the U.N. (with specified exceptions) if the U.N. adopts a resolution or takes any other action supporting recognition of an independent Palestinian state before ratification of a final status agreement negotiated between Israel and the legitimate representatives of the Palestinian people.

Directs the Secretary to withhold U.S. contributions from the regular budget of U.N. agencies supporting recognition before ratification of such an agreement.