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Exploring US National Sovereign Wealth Fund Creation

This document proposes establishing a commission to study the feasibility of creating a national sovereign wealth fund for the United States. The commission will analyze potential revenue sources, investment strategies, management structures, and the broader economic implications for citizens. The goal is to assess whether such a fund could benefit the nation.
Key points
A commission will be established to explore the creation of a US national sovereign wealth fund.
The commission will examine potential revenue sources (e.g., natural resources, taxes, reserves), investment opportunities (e.g., stocks, real estate), and how profits could be used (e.g., for government programs, debt reduction, public investments).
Potential economic impacts, such as effects on inflation, the job market, financial stability, and wealth inequality, will be analyzed.
A final report with recommendations will be submitted to the public, the President, and Congress.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3116
Sponsor: Rep. McGarvey, Morgan [D-KY-3]
Process start date: 2025-04-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

American Sovereign Wealth Fund Exploration Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3116.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-04-30.

What are the main provisions?

Key points include:

  • A commission will be established to explore the creation of a US national sovereign wealth fund.
  • The commission will examine potential revenue sources (e.g., natural resources, taxes, reserves), investment opportunities (e.g., stocks, real estate), and how profits could be used (e.g., for government programs, debt reduction, public investments).
  • Potential economic impacts, such as effects on inflation, the job market, financial stability, and wealth inequality, will be analyzed.
  • A final report with recommendations will be submitted to the public, the President, and Congress.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. McGarvey, Morgan [D-KY-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy Public Investments