American Sovereign Wealth Fund Exploration Act

# American Sovereign Wealth Fund Exploration Act Summary **What the Bill Would Do** The American Sovereign Wealth Fund Exploration Act (HR 3116) would direct Congress to study the feasibility of creating a U.S. sovereign wealth fund—a government-managed investment account that would invest public money to generate returns for the country. Currently, many other nations (like Norway, the United Arab Emirates, and Singapore) operate sovereign wealth funds that invest in stocks, bonds, real estate, and other assets. This bill would not create such a fund itself, but rather have Congress investigate whether the U.S. should establish one, how it should operate, and what funding sources it might use. **Who It Affects and Key Details** The bill primarily affects U.S. policymakers and taxpayers, as it explores using public funds or revenues to build long-term wealth for the nation.

The investigation would likely examine different models used by other countries and determine what benefits or risks a U.S. version might have. Proponents argue such a fund could generate income for federal budgets, while critics might raise questions about government investment practices and appropriate uses of public money. **Current Status** As of now, HR 3116 is in committee and has not been voted on by the full House. The bill was introduced by Representative Morgan McGarvey (D-Kentucky) in the 119th Congress. No action has been taken beyond the initial committee referral.