This bill directs the Federal Reserve Chair to establish a commission within 90 days to study whether the United States should create a national sovereign wealth fund—a government-owned investment vehicle that could accumulate and manage wealth for the nation. The 25-member commission will include representatives from the Federal Reserve, Treasury Department, Securities and Exchange Commission, Commerce Department, and trade office, plus 10 outside experts in economics and investment policy. The commission will examine potential funding sources (such as natural resources, tariffs, foreign exchange reserves, and tax revenue), what assets the fund could hold (stocks, bonds, real estate, and infrastructure), how the money could be used (from debt reduction to dividend payments), and the broader economic impacts on inflation, employment, and wealth inequality. The commission must submit a comprehensive report to Congress and the public within two years of its first meeting, including detailed legislative recommendations based on its findings.
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