American Sovereign Wealth Fund Exploration Act

HR 3116, the American Sovereign Wealth Fund Exploration Act, directs the Federal Reserve Chair to establish a commission within 90 days to study the feasibility of creating a U.S. sovereign wealth fund - a government-owned investment fund. The 20-member commission, including representatives from the Federal Reserve, Treasury, SEC, Commerce, and experts, will examine funding sources, investment strategies, management practices, and potential economic impacts like inflation or market effects. The commission must submit a report within two years with findings and specific legislative recommendations to Congress. This bill does not create a fund but mandates a comprehensive study of its potential, affecting only federal agencies involved in the commission's work.