American Sovereign Wealth Fund Exploration Act
HR 9543 establishes a 22-member commission to study the feasibility of creating a U.S. sovereign wealth fund. The commission, including Treasury, Commerce, SEC, and Fed representatives plus academic experts, will examine funding sources, management structures, potential investments, and economic impacts over a two-year period. It must submit a public report with findings and recommendations to Congress, the President, and relevant agencies, but the bill itself does not create the fund or make any policy changes. The commission's work is purely exploratory and does not authorize any new spending or programs.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2024
Committee Review
Floor Vote
President
Introduced Sep 11, 2024
Last action Sep 11, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Sep 11, 2024
Committee
Referred to the House Committee on Financial Services.
lower
Sep 11, 2024
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Morgan McGarvey
DDemocratic
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