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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 [www.gpo.gov]
[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.
                
                
                    (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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