"I'm very confident that what was tried before failed, and I'm optimistic that what we're doing will give us a better likelihood that we'll achieve the outcomes that would be better for both the people of Israel and the Palestinian people as well," Pompeo said.
When asked directly if the upcoming plan will include establishing fixed borders for Israel and Palestine, ensuring mutual recognition, defining the status of Jerusalem and solving the issues of the Jewish settlements in the West Bank and Palestinian refugees, Pompeo noted that the administration seeks to "broaden the debate."
"Those are the parameters that were largely at hand in the discussions before, and they led us where we are today — no resolution," Pompeo said, according to The Times of Israel.
According to Pompeo, the decision to recognize Israel's sovereignty over the Golan Heights will help resolve the Israeli-Palestinian conflict by removing uncertainty.
"We believe this increases the likelihood that we get resolution of the conflict between Israel and the Palestinians," Pompeo said Wednesday at the congressional hearing. "We think it speaks with the clarity that takes this away from any uncertainty about how we'll proceed."
The administration is reportedly planning to unveil the peace plan after next month's elections in Israel, in which Prime Minister Benjamin Netanyahu, a close Trump ally, is seeking reelection, according to The Hill. The US administration announced its intention to develop a peace plan shortly after Trump's election. However, it has offered few specifics about the plan or when it might be made public.