The sovereign wealth fund would be established to promote fiscal sustainability, lessen the burden of taxes on American families and small businesses, and establish economic security for future generations. The plan for the establishment of the fund must include recommendations for funding mechanisms, investment strategies, fund structure, and a governance model.
The Secretary of the Treasury and the Secretary of Commerce, in coordination with other relevant officials, will develop a plan to implement the sovereign wealth fund within 90 days of the order’s date. The plan will be submitted to the President for review and approval, and must address legal considerations, including potential legislation.