Presidential DocumentExecutive Order 141962025-02477
A Plan for Establishing a United States Sovereign Wealth Fund
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 10, 2025
Signed
February 3, 2025
Issuing agencies
Executive Office of the President
Full Text
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<title>Federal Register, Volume 90 Issue 26 (Monday, February 10, 2025)</title>
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[Federal Register Volume 90, Number 26 (Monday, February 10, 2025)]
[Presidential Documents]
[Pages 9181-9182]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-02477]
Presidential Documents
Federal Register / Vol. 90, No. 26 / Monday, February 10, 2025 /
Presidential Documents
___________________________________________________________________
Title 3--
The President
[[Page 9181]]
Executive Order 14196 of February 3, 2025
A Plan for Establishing a United States Sovereign
Wealth Fund
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 the
United States, it is hereby ordered:
Section 1. Policy and Purpose. It is the policy of the
United States to maximize the stewardship of our
national wealth for the sole benefit of American
citizens. To this end, it is in the interest of the
American people that the Federal Government establish a
sovereign wealth fund to promote fiscal sustainability,
lessen the burden of taxes on American families and
small businesses, establish economic security for
future generations, and promote United States economic
and strategic leadership internationally.
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 consistent
with section 1 of this order. The Secretary of the
Treasury and the Secretary of Commerce shall jointly
submit this plan to the President within 90 days of the
date of this order. Such plan shall include
recommendations for funding mechanisms, investment
strategies, fund structure, and a governance model. The
plan shall also include an evaluation of the legal
considerations for establishing and managing such a
fund, including any need for legislation.
Sec. 3. General Provisions. (a) Nothing in this order
shall be construed to impair or otherwise affect:
(i) the authority granted by law to an executive department or agency, or
the head thereof; or
(ii) the functions of the Director of the Office of Management and Budget
relating to budgetary, administrative, or legislative proposals.
(b) This order shall be implemented consistent with
applicable law and subject to the availability of
appropriations.
[[Page 9182]]
(c) This order is not intended to, and does not,
create any right or benefit, substantive or procedural,
enforceable at law or in equity by any party against
the United States, its departments, agencies, or
entities, its officers, employees, or agents, or any
other person.
<GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT>
(Presidential Sig.)
THE WHITE HOUSE,
February 3, 2025.
[FR Doc. 2025-02477
Filed 2-7-25; 8:45 am]
Billing code 3395-F4-P
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</html>Indexed from Federal Register on February 10, 2025.
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