It seems pretty clear cut that Congress must restrict funding the PA. (The wording from the FY2015 bill seems to have been changed to get around a tortured loophole that the White House used to keep funding going after the PA's move to accept ICC jurisdiction in retroactive to the events prior to the 2014 Gaza war.)
There is one other loophole, though, that the Palestinian leaders may be relying on. If Congress only limits a token amount of funding to them, it could be argued that funding was "restricted." Knowing that the current administration is unlikely to support any real restrictions on funding, this might very well be part of their calculus.
(h/t EK)
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