Creates a federal Commission, convened by the Chair of the Federal Reserve, to study whether the United States should create a national sovereign wealth fund and to recommend any legislative action. The Commission will include federal agency representatives and outside experts, hold regular meetings, examine design, governance, funding, legal, economic, and oversight issues, and deliver a report with findings and legislative recommendations within two years of its first meeting.

The Commission is a fact-finding and policy-development body only; it does not itself create a fund or appropriate money for one. It requires active participation from designated agencies and outside experts and sets a 2-year reporting deadline to inform Congress on whether and how a sovereign wealth fund might be established and governed.