Bill > HR3116

This bill establishes a comprehensive commission to explore the potential creation of a national sovereign wealth fund (SWF) for the United States. The commission will be composed of 25 members from various federal agencies, including the Federal Reserve, Treasury Department, Securities and Exchange Commission, Department of Commerce, and Trade Representative's office, as well as academic experts. Over a two-year period, the commission will conduct an in-depth investigation examining the feasibility, potential sources of funding, asset composition, and usage of such a fund. The study will explore potential revenue streams like natural resources, existing government assets, taxes, and foreign exchange reserves, and consider potential fund investments ranging from stocks and bonds to real estate and critical technologies. The commission will also analyze the potential impacts of a sovereign wealth fund on various economic and social factors, including fiscal balance, currency rates, economic growth, wealth inequality, and national security. By the end of two years, the commission is required to submit a public report to the President, federal agencies, and congressional committees, including detailed findings and specific legislative recommendations for potentially establishing a national sovereign wealth fund.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/3116/all-info