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FL H4063
M
Status
Introduced
2/27/2025
Primary Sponsor
Adam Anderson
Click for details
AI Summary
- Florida Legislature urges the U.S. Congress to proactively establish a legislative framework for a United States sovereign wealth fund
- References President Trump's February 3, 2025, executive order directing the Secretaries of Treasury and Commerce to develop a plan for a sovereign wealth fund within 90 days
- Stated goals of the fund include promoting fiscal sustainability, lessening the tax burden on families and small businesses, establishing long-term economic security, funding critical projects, and advancing U.S. economic and strategic leadership internationally
- Urges Congress to enact any legislation necessary to establish the framework so the fund can be more efficiently implemented alongside the executive branch's planning efforts
- Directs Florida's Secretary of State to send copies of the memorial to the U.S. President, the President of the U.S. Senate, the Speaker of the U.S. House, and all members of Florida's congressional delegation
Legislative Description
Framework for a Sovereign Wealth Fund
Last Action
Laid on Table, companion bill(s) passed, see SM 1488 (Adopted)
4/29/2025
Committee Referrals
Commerce Committee3/21/2025
Insurance And Banking Subcommittee3/5/2025
Full Bill Text
No bill text available