In House Committee·Last action 362 days ago

HR3116 Explores U.S. Wealth Fund Idea

Officially: American Sovereign Wealth Fund Exploration Act

HR3116 looks into creating a U.S. sovereign wealth fund. Affects how the government might invest in the future. Currently in the House Committee on Financial Services.

Where it stands

Sitting in House Committee

No vote scheduled. Constituent contact is what moves bills out of committee.

What this bill actually does

Exploration of fund creation: Studies the feasibility of a U.S. sovereign wealth fund.
Analysis of benefits and challenges: Evaluates potential impacts on the economy and public finances.

↓ Why your message matters here

This bill is sitting in committee with no scheduled vote — which means a small number of constituent messages can decide whether it moves forward or quietly dies.

The debate

What people are saying about this bill

✓Arguments in support

Economic Stability: Supporters argue that a sovereign wealth fund could provide a stable source of revenue for the government, reducing reliance on taxes and borrowing.
Long-term Savings: The fund could serve as a savings account for future generations, ensuring that wealth generated today benefits Americans tomorrow.
Diversification: By investing in a variety of assets, the fund could help diversify the nation's financial portfolio and reduce economic risk.

✕Arguments against

Risk of Mismanagement: Critics worry that the fund could be mismanaged, leading to poor investment decisions and financial losses.
Government Overreach: Some opponents argue that the government should not be involved in large-scale investment activities, which could distort markets.
Opportunity Cost: There is concern that funds used to establish the sovereign wealth fund could be better spent on immediate needs, such as education or healthcare.

Where this bill is in the process

Legislative timeline

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Introduced

Introduced in House

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House Committee

Under House committee consideration

Latest: Referred to the House Committee on Financial Services. (4/30/2025)

APR 30

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House Floor Vote

Voted on by House

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Passed House

Approved by House

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Senate Review

Sent to Senate for consideration

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Passed Both Chambers

Approved by both House and Senate

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Signed into Law

Signed by the President

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HR3116 Explores U.S. Wealth Fund Idea

What people are saying about this bill

Legislative timeline

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