# 119-hr-3116: American Sovereign Wealth Fund Exploration Act

119-hr-3116, American Sovereign Wealth Fund Exploration Act, is a 119th Congress bill sponsored by Rep. McGarvey, Morgan [D-KY-3] (D-KY); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-hr-3116
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3116
- Congress: 119
- Title: American Sovereign Wealth Fund Exploration Act
- Status: introduced
- Introduced: 2025-04-30
- Sponsor: Rep. McGarvey, Morgan [D-KY-3] (D-KY)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**This bill would create a time‑limited, cross‑agency commission to study whether the United States should create a national **sovereign wealth fund**.** The Commission would analyze possible revenue sources, investment options, governance structures, and likely economic effects like inflation, inequality, and housing affordability. - Federal and regulatory agencies: The Federal Reserve, Treasury, SEC, Commerce, and the U.S. Trade Representative would appoint members, including 6 Fed representatives, 3 Treasury, 3 SEC, 2 Commerce, and 1 USTR. - Experts and staff: The Fed Chair would appoint 10 academics or outside experts who would serve two‑year terms with a possible two‑year renewal; the Commission may hire staff and consultants. - Lawmakers and policymakers: The Commission would deliver a public report within two years after its first meeting with findings, detailed legislative recommendations, and any minority views to the President, agencies, and Congressional committees. - Households and the economy: The Commission would evaluate how a Fund might affect public revenue, social programs, debt, GDP, exchange rates, inflation, and housing affordability, shaping future policy choices.

## Provisions PRIA read

- Federal panel to study a U.S. wealth fund: mixed, medium. If enacted, the Chair of the Federal Reserve would set up a 25-member Commission within 90 days. Members would include 6 from the Federal Reserve, 3 Treasury, 3 SEC, 2 Commerce, 1 USTR, and 10 outside experts. Members would serve 2-year terms and could be reappointed once. The Commission would meet…
- Public report with recommendations in two years: mixed, medium. The Commission would issue a public report within 2 years of its first meeting. It would include findings and detailed recommendations for Congress. Minority views could be included. The report would go to the public, the President, relevant agencies, and relevant congressional committees.
- What the wealth fund study covers: mixed, medium. The Commission would study how a U.S. wealth fund might work. It would review where money could come from, like natural resources, federal assets, taxes, tariffs, reserves, borrowing, surpluses, and private or foreign contributions. It would assess what the fund could buy, such as stocks, bonds, re…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7973: Momnibus Act
- 119-hr-2038: American Housing and Economic Mobility Act of 2025

## Sources
- [119-hr-3116 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3116)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-2038: American Housing and Economic Mobility Act of 2025](https://policyrisk.com/legislation/119-hr-2038)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3116 (as of 2025-12-21).