A Plan for Establishing a United States Sovereign Wealth Fund
1. Purpose
The main purpose of this order is to establish a sovereign wealth fund that maximizes national wealth stewardship for the long-term financial health and international leadership of the United States, benefiting American citizens.
2. Key Actions And Directives
- Develop Plan for Sovereign Wealth Fund: The Secretary of the Treasury and the Secretary of Commerce, in coordination with the Assistant to the President for Economic Policy, must develop a comprehensive plan for the sovereign wealth fund.
- Submit Plan: The developed plan must be submitted to the President within 90 days from the issuance of this order.
3. Important Points
- Funding Mechanisms and Investment Strategies: The submitted plan will include recommendations on funding mechanisms, investment strategies, governance structure, and legal evaluations related to the sovereign wealth fund.
- No Enforceable Rights Created: The order does not create any enforceable rights for parties against the United States or its entities.
- Adherence to Law: Implementation must comply with applicable laws and is subject to appropriations availability.
- Economic Goals: The sovereign wealth fund aims to reduce tax burdens on families and small businesses while ensuring economic security for future generations.
- U.S. Economic Leadership: The fund is designed to enhance U.S. economic and strategic leadership globally through effective national wealth management.
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