A Plan for Establishing a United States Sovereign Wealth Fund

This executive order directs the Secretaries of Treasury and Commerce to develop a plan within 90 days for establishing a U.S. sovereign wealth fund aimed at fiscal sustainability, reducing tax burdens, and promoting economic and strategic international leadership. The plan must address funding mechanisms, investment strategies, fund structure, governance, and legal considerations including potential legislation.

Federal Register Open PDF 90 FR 9181

Impact dates

May 4, 2025
Plan for sovereign wealth fund submitted to President

Key directives

Secretary of Treasury and Secretary of Commerce shall develop plan for sovereign wealth fund
Plan to be submitted to President within 90 days of February 3, 2025
Plan must include funding mechanisms, investment strategies, fund structure, governance model
Plan must include evaluation of legal considerations and need for legislation

Who is ordered

Timeline

Immediate

EO issuance and directive to Secretaries of Treasury and Commerce

Near term (90d)

Plan submission due to President

Long term

Potential establishment of sovereign wealth fund pending legislative and implementation steps

Risks & tensions

Requires legislation for full implementation, creating congressional dependency
Vague on funding sources—potential tension over asset sources or tax implications
No guarantee of fund creation; planning stage only