3 days ago · Sec. 2. Sovereign Wealth Fund. The Secretary of the Treasury and the Secretary of Commerce, in close coordination with the Assistant to the President for Economic Policy, shall develop a plan for the establishment of a sovereign wealth fund …

2 days ago · The United States already holds a vast sum of highly valued assets that can be invested through a sovereign wealth fund for greater long-term wealth generation. The Federal government directly ...

2 days ago · By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote the long-term financial health and international leadership of ...

2 days ago · The president suggested that the fund could be used to buy TikTok. President Donald Trump on Monday made good on a campaign promise by signing an executive order to establish the first-ever U.S ...

1 day ago · He issued an executive order that announced the planning for an investment vehicle or a sovereign wealth fund, which would be financed by the United States government. Sovereign wealth funds are ...

2 days ago · WASHINGTON, Feb 3 (Reuters) - U.S. President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy ...

1 day ago · President Donald Trump’s executive order to create a plan for a U.S. sovereign wealth fund would follow those of Norway, Saudi Arabia, China and others. February 4, 2025 at 4:06 a.m. EST Today ...

Executive Order: A Plan For Establishing A United States Sovereign Wealth Fund is an executive order that President Donald Trump (R) issued on February 3, 2025, during his second term in office.. Executive orders are directives the president writes to officials within the executive branch requiring them to take or stop some action related to policy or management.

2 days ago · The president put Treasury Secretary Scott Bessent and Howard Lutnick, Trump’s pick for commerce secretary, in charge of laying the groundwork for creating a the fund, which would likely require congressional approval.The executive order says a plan for the fund — including recommendations for investment strategies and a governance model — has to be submitted to Trump within 90 days.

2 days ago · The three-paragraph executive order tasks the Treasury and Commerce Departments with generating a plan within 90 days for creating a such a fund. Sovereign wealth funds are popular in oil-rich ...