Sovereign Wealth Fund Transparency Act

This bill amends the Foreign Agents Registration Act (FARA) to close a loophole that previously allowed foreign agents working for sovereign wealth funds to avoid disclosure requirements. It explicitly states that exemptions for commercial activities don't apply to agents promoting foreign government interests, including those working with sovereign wealth funds. The bill authorizes the Attorney General to issue civil investigative demands to enforce FARA compliance, with detailed procedures for document production, written interrogatories, and oral testimony. It also requires the Attorney General to submit annual reports to Congress about how these enforcement tools are being used, and includes civil penalties up to $200,000 for knowing violations of FARA.