House Memorial HM 4063 urges the United States Congress to establish a framework for a sovereign wealth fund. This initiative follows 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 the framework, which would facilitate the efficient implementation of the fund. The proposed sovereign wealth fund aims 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.
Additionally, the memorial calls for Congress to enact any necessary legislation to establish this framework and directs 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. This resolution reflects Florida's legislative support for a national initiative that could have significant economic implications.