The bill, introduced by Senator Avila, is a memorial urging the United States Congress to establish a framework for a sovereign wealth fund. It references an executive order issued by President Donald J. Trump on February 3, 2025, which directs the Secretaries of the Treasury and Commerce to develop a plan for the fund within 90 days. The memorial emphasizes the importance of Congress taking proactive steps to create this framework, which would facilitate the efficient implementation of the fund.

The proposed sovereign wealth fund is intended to promote fiscal sustainability, reduce tax burdens on families and small businesses, ensure long-term economic security, fund critical projects, and enhance the United States' economic and strategic leadership on the global stage. The resolution also instructs the Secretary of State to send copies of the memorial to key federal officials, including the President, the President of the Senate, the Speaker of the House, and members of Florida's congressional delegation.