Rabbi Dov Lipman, who was elected to the Knesset Tuesday in the number 17 slot on Yair Lapid’s Yesh Atid list, will relinquish his U.S. citizenship when he takes office.

Lipman, who immigrated to Israel from Silver Spring Maryland eight years ago, is the third dual citizen to serve in the Knesset and will be the first to relinquish his citizenship voluntarily.

“I am going to be...