Bill · H.R. 3116· House(119-HR-3116)
American Sovereign Wealth Fund Exploration Act
- Introduced
- 4/30/2025
- Last activity
- 4/30/2025 — Referred to the House Committee on Financial Services.
- Sponsored by
- Morgan McGarvey
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, titled the "American Sovereign Wealth Fund Exploration Act," proposes the creation of a commission to study a potential national sovereign wealth fund. The Chair of the Federal Reserve is tasked with establishing this commission within 90 days of the act's enactment. This commission will consist of representatives from various federal agencies and experts from academia or specialized fields. The group is required to investigate the feasibility, revenue sources, asset compositions, and potential uses of such a fund. Additionally, the commission must examine the fund's potential impact on various economic and national security factors. Finally, the commission must submit a public report containing its findings and recommendations for legislative action within two years.
Yes· 3 of 4
Does this reduce what the federal government owes?+1
The bill directs the commission to study debt reduction as a potential use of the fund.
Is this likely to grow the economy?+1
The commission is tasked with examining how the fund might impact economic growth and GDP.
Does this give the federal government more power?+1
The bill proposes creating a large, federally-owned national wealth fund.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Investigation of Diverse Funding and Usage Options: The bill directs the commission to look into various ways a fund could be used to benefit the public, such as through dividends or direct payments, existing government programs, social programs, and infrastructure development (Section 2(f)(1)(C)).
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Economic and Financial Stability Research: The commission is tasked with studying how a fund might impact economic growth, gross domestic product, and financial stability (Section 2(f)(1)(F)).
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Strategic National Interest: The investigation includes looking at how a fund might be used for public investment or investment in critical technologies and industries (Section 2(f)(1)(C)).
Potential Negative Impacts for People
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Potential Economic Disruptions: The commission is required to study various risks and implications that a sovereign wealth fund could have on the public, including its impact on inflation, the real estate market, housing affordability, and wealth inequality (Section 2(f)(1)(F)).
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Risk of Political and Economic Interference: The investigation must consider the potential for political interference and the impact of the fund on things like the stock market and exchange rates (Section 2(f)(1)(F)).
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Security and Trade Concerns: The study must examine implications regarding national security and the potential for protectionism, tariffs, and retaliatory tariffs (Section 2(f)(1)(F)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Economic Growth+1Reduces National Debt+1
- Governance And Ideology
- Improves Government Transparency+1Increases Federal Power+1
- 4/30/2025
- Referred to the House Committee on Financial Services.
- Introduced in House