Knesset

The Knesset (Hebrew: הכנסת — literally "the assembly") is the unicameral parliament of the State of Israel. The 120-member legislative body operates under proportional representation with national-list electoral architecture; elections operate with a 3.25% threshold for party Knesset entry.

The Knesset operates as the central legislative authority on Israeli law, with substantial committee architecture governing economic, security, foreign-affairs, and broader policy areas. The Knesset Finance Committee specifically operates as the central committee on Israeli budget, taxation, and capital-markets policy — the committee that approved the 2026 aliyah tax reform package, the 2026 worldwide disclosure regime, and the broader 2026 budget framework.

The current Knesset's composition reflects the Israeli political environment of the 2022 election and subsequent coalition formation, with continued evolution through subsequent political developments. Specific composition should be referenced from current Knesset publications.

The Knesset operates at the Knesset building in Jerusalem, with the building's institutional architecture (designed by Joseph Klarwein and Dov Karmi, opened 1966) representing one of the major modern institutional buildings of Israeli state architecture.

See also: /public-institutions/knesset-finance-committee/, /capital/worldwide-disclosure-regime-2026/