American Sovereign Wealth Fund Exploration Act

House Votes

This bill sets up a federal commission to study whether the U.S. should create a national, government‑owned investment fund and report back with recommendations. The commission would be created within 90 days of the bill becoming law and include members from the Federal Reserve, Treasury, the SEC, Commerce, the U.S. Trade Representative’s office, and outside experts. It must meet at least quarterly.

The group will examine where the money could come from (like natural resources, federal assets, royalties, taxes, tariffs, foreign exchange reserves, borrowing, budget surpluses, and private or foreign contributions), what it could invest in (stocks, bonds, real estate, infrastructure, private equity, cash, and other strategic assets), and how any earnings might be used (to support government programs, pay dividends or direct payments, stabilize the economy, build infrastructure, invest in key industries, or reduce debt). It will also look at how to run such a fund using international best‑practice standards and what effects it might have on the economy, prices, housing, markets, and national security. A public report with findings and detailed recommendations is due within two years of the commission’s first meeting; the commission can hold hearings and hire staff to do its work .

Key points

• Who is affected: Federal financial agencies and invited experts now; the public could be affected later depending on recommendations (for example, if dividends or direct payments are proposed).
• What changes now: It creates a study commission only. It does not create a fund or change taxes or benefits at this time.
• Timeline: Commission formed within 90 days of enactment; meets at least quarterly; issues a public report within two years of its first meeting .