DELIVERING A PLAN TO CREATE A UNITED STATES SOVEREIGN WEALTH FUND: Today, President Donald J. Trump signed an Executive Order calling for the creation of a Sovereign Wealth Fund.
The Executive Order directs the Secretary of the Treasury and the Secretary of Commerce to deliver a plan within 90 days for the creation of a sovereign wealth fund.
ENSURING LONG-TERM ECONOMIC COMPETITIVENESS AND FISCAL SUSTAINABILITY: The creation of a sovereign wealth fund for the United States will help maximize the stewardship of our national wealth.
The United States already holds a vast sum of highly valued assets that can be invested through a sovereign wealth fund for greater long-term wealth generation.
President Trump has called for a sovereign wealth fund to ensure the United States can lead the way in long-term wealth generation.
PRESENTING THE UNITED STATES SOVEREIGN WEALTH FUND PLAN: Today, President Donald J. An Executive Order requesting the establishment of a Sovereign Wealth Fund was signed by Trump.
According to the Executive Order, the Treasury and Commerce Secretaries must present a plan for the establishment of a sovereign wealth fund within ninety days.
Working closely with the Assistant to the President for Economic Policy and the Director of the Office of Management and Budget, the Treasury and Commerce Secretaries will create the plan.
According to the Order, the Secretary must incorporate suggestions for funding methods, investment plans, fund structure, and a governance model into the plan.
ENSURRING FISCAL SUSTAINABILITY AND LONG-TERM ECONOMIC COMPETITIVENESS: The establishment of a sovereign wealth fund for the US will enable better management of our country’s resources.
Globally, sovereign wealth funds serve as tools to increase the financial return on a country’s assets and use those returns to further strategic objectives.
The United States can use these returns to create long-term economic security, encourage fiscal sustainability, reduce the tax burden on American families and small businesses, and advance U.S. A. strategic and economic leadership on a global scale.
In order to increase long-term wealth generation, the United States can invest its enormous collection of highly valued assets through a sovereign wealth fund.
Five and a half trillion dollars are directly held by the federal government. A much higher total asset value is held by the federal government indirectly, including through reserves of natural resources.
MAGNIFYING ECONOMIC GROWTH AND PURSUING NATIONAL ENDEAVORS: President Trump has advocated for the establishment of a sovereign wealth fund “to invest in great national endeavors for the benefit of all and every American.”. “”.
Greater wealth and revenue streams will be produced by President Trump’s economic policies, which include the pursuit of fair and balanced trade, national energy dominance, and tax and regulatory relief to promote robust economic growth. A sovereign wealth fund can then make the most of these increases.
A wide range of nations manage sovereign wealth funds by utilizing equally diverse categories of domestic assets. To guarantee that the US can set the standard for long-term wealth creation, President Trump has called for the creation of a sovereign wealth fund.
Recently, the UK declared its own intentions to work toward the creation of such a fund.
Apart from the nations that have their own funds, 23 states in our own nation have their own funds that manage assets worth a combined $332 billion.