Palestinian and United Nations Anti-Terrorism Act of 2014 - States that it shall be U.S. policy to: (1) deny U.S. assistance to any entity or international organization that collaborates with Hamas until Hamas agrees to recognize Israel, renounces violence, disarms, and accepts prior Israeli-Palestinian agreements; (2) seek a negotiated settlement only if Hamas and any U.S.-designated terrorist groups are required to disarm entirely; and (3) provide security assistance to Israel.
Considers any power-sharing government, including the current government, formed in connection with the April 23, 2014, agreement between the Palestinian Liberation Organization (PLO) and Hamas to be a "Hamas-controlled Palestinian Authority (PA)" and thus subject to specified restrictions under the Foreign Assistance Act of 1961.
States that until the Secretary of State certifies to Congress that the United Nations Human Rights Council (UNHRC)'s agenda does not include a permanent item related to Israel or the Palestinian territories: (1) the U.S. contribution to the regular budget of the United Nations (U.N.) shall be reduced by a specified amount, (2) the Secretary shall not make a voluntary contribution to UNHRC, and (3) the United States shall not run for an UNHRC seat.
Amends the Foreign Assistance Act of 1961 to prohibit U.S. contributions to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) for programs in the West Bank and Gaza until the Secretary certifies to Congress that:
Authorizes the equivalent amount of all U.S. contributions withheld from the PA, UNHRC, and UNRWA under this Act to be provided to Israel for Iron Dome and other missile defense systems and for underground warfare training and technology.