Today prominent leaders within Israeli society will officially reveal a new Israeli Peace Initiative (pdf). This initiative is meant to be a response to the Arab Peace Initiative issued by the Arab League in 2002 and again in 2007. Though it does not get in to much detail it is broad in its scope touching on issues from refugees to Jerusalem to the Golan Heights.
It has been officially welcomed by both Americans for Peace Now and J Street. Israeli Prime Minister Benjamin Netanyahu also received a copy on Sunday and is reported as saying he looks forward to reading it.
For more information read the NY Times article Prominent Israelis Will Propose a Peace Plan.