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A Plan for Establishing a United States Sovereign Wealth Fund – The White House

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Press Briefing by Press Secretary Karoline Leavitt – The White House

     By the authority vested in me as President by the Structure and the legal guidelines of the US of America, and with a purpose to promote the long-term monetary well being and worldwide management of the US, it’s hereby ordered:

Part 1.  Coverage and Goal.  It’s the coverage of the US to maximise the stewardship of our nationwide wealth for the only real advantage of Americans.  To this finish, it’s within the curiosity of the American those that the Federal Authorities set up a sovereign wealth fund to advertise fiscal sustainability, reduce the burden of taxes on American households and small companies, set up financial safety for future generations, and promote United States financial and strategic management internationally. 

Sec. 2.  Sovereign Wealth Fund.  The Secretary of the Treasury and the Secretary of Commerce, in shut coordination with the Assistant to the President for Financial Coverage, shall develop a plan for the institution of a sovereign wealth fund in step with part 1 of this order.  The Secretary of the Treasury and the Secretary of Commerce shall collectively submit this plan to the President inside 90 days of the date of this order.  Such plan shall embrace suggestions for funding mechanisms, funding methods, fund construction, and a governance mannequin.  The plan shall additionally embrace an analysis of the authorized concerns for establishing and managing such a fund, together with any want for laws. 

Sec. 3.  Common Provisions.  (a)  Nothing on this order shall be construed to impair or in any other case have an effect on:
(i)   the authority granted by regulation to an government division or company, or the pinnacle thereof; or
(ii)  the capabilities of the Director of the Workplace of Administration and Finances referring to budgetary, administrative, or legislative proposals.
(b)  This order shall be carried out in step with relevant regulation and topic to the provision of appropriations.
(c)  This order will not be meant to, and doesn’t, create any proper or profit, substantive or procedural, enforceable at regulation or in fairness by any occasion towards the US, its departments, businesses, or entities, its officers, workers, or brokers, or another individual.

THE WHITE HOUSE,
    February 3, 2025.

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