Info via Reuters report:
The U.S. Treasury and Commerce departments are drafting plans for a sovereign wealth fund, though no final decisions have been made, according to the White House.
The initiative, ordered by Trump in February, would aim to monetise government-held assets for public benefit and bolster economic security. A central feature under consideration is the use of tariff revenues as a core funding source.
Treasury Secretary Scott Bessent is reportedly exploring a strategy that would leverage both liquid reserves and domestic assets, with the fund potentially combining investment and development functions — similar to sovereign wealth models used globally.
The White House said the proposal is part of the administration’s broader strategy to use every available tool to safeguard U.S
