Executive Order 14196

A Plan for Establishing a United States Sovereign Wealth Fund
Great Seal of the United States
Long titleExecutive Order 14196
Citations
Public lawExecutive Order 14196
Legislative history
  • Introduced in the Executive branch by President of the United States
  • Signed into law by President Donald Trump on February 3, 2025

Executive Order 14196, titled A Plan for Establishing a United States Sovereign Wealth Fund, is an executive order signed by U.S. President Donald Trump on February 3, 2025. The order directs the development of a plan for establishing a United States sovereign wealth fund.

Background

The order establishes a policy of expanding federal stewardship of national wealth through the potential creation of a sovereign wealth fund. It directs the Secretary of the Treasury and the Secretary of Commerce to develop a plan outlining funding mechanisms, investment strategies, fund structure, governance, and legal considerations, including any requirement for legislation. The plan is to be submitted within 90 days, although the order provides limited detail on how the fund would be structured or financed.

References

  1. ↑ Gottfried, Meridith McGraw and Miriam (2025-02-03). "Trump Signs Order to Create U.S. Sovereign-Wealth Fund". The Wall Street Journal. Retrieved 2026-04-17.
  2. 1 2 3 "A Plan For Establishing A United States Sovereign Wealth Fund". The White House. February 3, 2025.
  3. ↑ "A Plan for Establishing a United States Sovereign Wealth Fund". Federal Register. 2025-02-10. Retrieved 2026-04-17.
  4. ↑ Board, The Editorial (2025-02-06). "Opinion | 'Sovereign Wealth' for Politicians". The Wall Street Journal. Retrieved 2026-04-17.
  5. ↑ Dumas, Breck (2025-02-04). "Trump launching US sovereign wealth fund: What to know". FOXBusiness. Retrieved 2026-04-17.
  6. ↑ Hunnicutt, Trevor; Schroeder, Pete (February 3, 2025). "Trump signs executive order to create sovereign wealth fund". Reuters.
  7. ↑ Stancy, Diana (2025-02-03). "What we know about the Trump administration's plans for a sovereign wealth fund". Fox News. Retrieved 2026-04-17.