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Kushner speaks at the announcement of a normalization deal between Israel and Bahrain. Photo: Andrew Caballero-Reynold/AFP via Getty

Jared Kushner is founding an organization called the Abraham Accords Institute for Peace, to work on deepening the normalization agreements he helped strike between Israel and Arab countries.

The big picture: The Abraham Accords, signed in September 2020, were arguably Trump's biggest foreign policy achievement and the biggest breakthrough for relations between Israel and the Arab world for 25 years.

Details: The non-partisan, non-profit organization will have a five-year mandate and be funded through private donations.

  • According to a statement, it will focus on increasing trade and tourism between the five signatory countries — Israel, Bahrain, the UAE, Morocco and Sudan — and developing programs to foster people-to-people connections between the countries.
  • It will also "provide analysis of the benefits of normalization and the potential benefits additional Arab countries can receive if they join the Abraham Accords."

Kushner is founding the institute with former White House envoy Avi Berkowitz, who helped negotiate the agreements; Israeli-American businessman and Democratic donor Haim Saban; and three heavy hitters from the region: the Emirati and Bahraini ambassadors to Washington, Yousef Al Otaiba and Abdulla R. Al-Khalifa, and Israeli Foreign Minister Gabi Ashkenazi.

  • The board is still being formed and is expected to include representatives from Morocco and Sudan. The founders also want to add more democrats and advisers from the region.
  • The executive director will be Rob Greenway, formerly the top Middle East advisor on Donald Trump's national security council.

What they're saying: “The energy and enthusiasm for the Accords across the region is truly remarkable," the group said in a joint statement.

  • "In less than a year, this warm peace is melting decades of misunderstanding and hostility across the region. This is a peace among peoples as much as it is among nations. This will be the institute’s focus – to nurture and deepen these human connections."

What we're watching: The Biden administration has said it wants to build on the accords and potentially add additional countries.

  • President Biden spoke Tuesday with Emirati Crown Prince Mohamed bin Zayed and said the normalization of relations between the UAE and Israel was of strategic importance to the U.S.

Go deeper

3 hours ago - World

Canada First Nation finds mass grave at another school site

A memorial around the Centennial Flame on Parliament Hill in Ottawa, Ontario, Canada, on June 4, honoring 215 Indigenous children found buried in an unmarked, mass grave at a one-time residential school in Kamloops, British Columbia. Photo: David Kawai/Bloomberg via Getty Images

A First Nation in Canada said Wednesday "hundreds" of unmarked graves have been discovered at the site of a former residential school in the prairie province of Saskatchewan.

Of note: The Cowessess First Nation said in a statement the number of graves found are "the most significantly substantial to date in Canada" — suggesting it's more than the remains of 215 Indigenous children discovered last month at a former residential school site in Kamloops, British Columbia.

Biden replaces FHFA director after Supreme Court ruling

Mark Calabria, then-director of the Federal Housing Finance Agency, during a Senate hearing on Capitol Hill in 2020. Photo: Astrid Riecken/ Pool/Getty Images

The White House on Wednesday replaced the regulator who oversees mortgage giants Fannie Mae and Freddie Mac, hours after a Supreme Court ruling enabled President Biden to oust the Trump appointee.

Why it matters: The removal of libertarian economist Mark Calabria as Federal Housing Finance Agency (FHFA) director gives Biden more control over the fate of Freddie and Fannie, "which play an outsize role in the housing market and are central to many homeowners' ability to afford homes," per the New York Times.

Sen. Sheldon Whitehouse under scrutiny for elite club affiliations

Sen. Sheldon Whitehouse during a Senate hearing on Capitol Hill in February. Photo: Susan Walsh-Pool/Getty Image

Sen. Sheldon Whitehouse (D-R.I.) said in a statement Wednesday that he is a member of an exclusive Rhode Island sailing club that lacks diversity.

Why it matters: Whitehouse has repeatedly spoken out against systemic racism and come under scrutiny this week for his family's affiliation with elite clubs. This is the second such club accused of lacking diversity that the senator has been linked to in recent days