1 day ago · 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.

1 day ago · EXECUTIVE ORDER February 3, 2025. ... 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 ...

2 days ago · 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 …

1 day ago · The president suggested that the fund could be used to buy TikTok. President Donald Trump on Monday made good on a campaign promise by signing an executive order to establish the first-ever U.S ...

15 hours ago · On Monday, he took the first step. He issued an executive order that announced the planning for an investment vehicle or a sovereign wealth fund, which would be financed by the United States ...

1 day ago · WASHINGTON, Feb 3 (Reuters) - U.S. President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy ...

1 day ago · Norway’s Government Pension Fund Global, valued at over $1.7 trillion, is the world’s leading example of a successful sovereign wealth fund.Established in the 1990s following the discovery of ...

1 day ago · The president put Treasury Secretary Scott Bessent and Howard Lutnick, Trump’s pick for commerce secretary, in charge of laying the groundwork for creating a the fund, which would likely require congressional approval.The executive order says a plan for the fund — including recommendations for investment strategies and a governance model — has to be submitted to Trump within 90 days.

1 day ago · Norway's sovereign wealth fund, the Government Pension Fund of Norway, is the largest in the world, with assets valued at $1.7 trillion, a substantial figure for a country of 5.5 million people.

1 day ago · The three-paragraph executive order tasks the Treasury and Commerce Departments with generating a plan within 90 days for creating a such a fund. Sovereign wealth funds are popular in oil-rich ...