STORAGE NAME: h4063.IBS
DATE: 3/18/2025
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FLORIDA HOUSE OF REPRESENTATIVES
BILL ANALYSIS
This bill analysis was prepared by nonpartisan committee staff and does not constitute an official statement of legislative intent.
BILL #: HM 4063
TITLE: Framework for a Sovereign Wealth Fund
SPONSOR(S): Anderson
COMPANION BILL: SM 1488 (Avila)
LINKED BILLS: None
RELATED BILLS: None
Committee References
Insurance & Banking
Commerce
SUMMARY
Effect of the Bill:
Urges the Congress of the United States to establish a framework for a sovereign wealth fund by enacting legislation
necessary for establishing such a framework.
Fiscal or Economic Impact:
None
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ANALYSIS
EFFECT OF THE BILL:
Urges the Congress of the United States to establish a framework for a sovereign wealth fund by enacting
legislation necessary for establishing such a framework.
RELEVANT INFORMATION
SUBJECT OVERVIEW:
On February 3, 2025, President Trump signed an executive order (EO 14196) directing the Treasury and
Commerce Secretaries to develop a plan for the establishment of a sovereign wealth fund (SWF). An SWF is a
government-owned investment fund that invests in financial assets and real estate to generate a profit for its
citizens. SWFs are funded by a variety of sources, including surplus reserves from natural resources, trade
surpluses, bank reserves, privatization money, and governmental transfer payments.
Several U.S. states (11) have created SWFs to finance certain services – typically public education – or to provide
general revenue to the state government and/or its citizens. For example, the Alaska Permanent Fund (APF)
distributes the money it makes from the state’s nonrenewable resources to the state’s residents as annual
dividends. The APF divides its fund deposits into two parts: the principal (non-spendable) and the earnings reserve
account (spendable), which are commingled and invested under the same asset allocation.
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BILL HISTORY
COMMITTEE REFERENCE ACTION DATE
STAFF
DIRECTOR/
POLICY CHIEF
ANALYSIS
PREPARED BY
Insurance & Banking
Subcommittee
Hamon Schenk
Commerce Committee