On September 16th, the Americans vetoed a UN Security Council resolution to this effect, because it did not explicitly condemn Palestinian terrorist groups.

ECONOMIST: If Arafat goes? | The

The secretary's office also instructed senior officials to plan how to manage their funds given the continuing budget resolution then in effect and the looming budget sequester scheduled for 2013.

WSJ: Review & Outlook: FAA Bonuses and the Sequester

And that leads to the third and most valuable effect of the resolution.

ECONOMIST: Iranian sanctions