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Bill > HR9543


US HR9543

US HR9543
American Sovereign Wealth Fund Exploration Act


summary

Introduced
09/11/2024
In Committee
09/11/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To establish a commission to study the creation of a national sovereign wealth fund by the United States, and for other purposes.

AI Summary

This bill establishes a commission to study the feasibility, considerations, and implications of creating a national sovereign wealth fund owned and managed by the United States. The commission, composed of representatives from various government agencies and academic experts, will investigate potential sources of revenue, management logistics, composition of the fund, ownership rights, and usage of the fund's wealth. The commission will also solicit views from all parties concerned and evaluate the advisability of proposals related to the creation of the fund. Within 2 years, the commission will submit a report to the public, the President, and relevant congressional committees, outlining its findings and recommendations for legislative action and administrative rulemaking by federal departments and agencies.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to the House Committee on Financial Services. (on 09/11/2024)

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