Executive Order 14196
A Plan for Establishing a United States Sovereign Wealth Fund
Economy & FinanceTransportation & Infrastructure
Directs Treasury and Commerce to develop a plan within 90 days for establishing a U.S. sovereign wealth fund to invest in national priorities, including infrastructure, manufacturing, and strategic industries.
Section by Section
What each section does, and how they differ.
Sec. 1 Policy and Purpose
The US will establish a sovereign wealth fund to maximize national wealth stewardship for American citizens and fiscal sustainability.
Sec. 2 Sovereign Wealth Fund
Treasury and Commerce jointly develop a plan within 90 days for establishing a sovereign wealth fund, including funding, investment, structure, and governance.
Sec. 3 General Provisions
Standard boilerplate: preserves existing agency authority, conditions the order on appropriations, and creates no enforceable private rights.
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February 2025