Americans seeking to invest in Israeli companies will be given a special visa, according to regulations approved by the Knesset Interior Committee Wednesday.

In June 2012, US President Barack Obama approved an amendment allowing Israeli investors, their families and executives in their companies, to enter the US with a special visa, but the change could only go into effect once Israel reciprocates.

The committee gave the Interior Minister the authority to give visas to any businessperson, according to his judgment, under the new regulation.

Also Wednesday, the Interior Committee authorized allowing citizens of Botswana to enter Israel without a visa.

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