Act of Congress Sovereign Wealth Fund Creation Act of 2025

[Maxterpiece]

A Bill Too
Establish the Sovereign Wealth Fund

In The House of Representatives of the Republic of Andorn
April 27th of 2025

Speaker Maxterpiece and Representative Aladeen in agreeance with this bills contents, hereby recommend this bill to the House for their consideration​

Section 1 - Short Title:
(1) This bill may be cited as the “Sovereign Wealth Fund Creation Act of 2025“

Section 2 - The Sovereign Wealth Fund:
(1) A Sovereign Wealth Fund, known as the Andornian Sovereign Wealth Fund, shall be established under the ownership and control of the Government of Andorn. The Fund shall be operated as a for-profit government enterprise, distinct from standard public sector functions.
(2) The Fund shall be administered by a Board of Trustees consisting of no fewer than three and no more than five government-appointed individuals. The Board of Trustees will internally elect a chairperson.
(3) Trustees shall be nominated by the Head of Government and confirmed by the Senate. Removal of a Trustee will follow the impeachment process.
(4) The Fund shall be legally designated as a tax-exempt entity, granting it exemption from all taxes.

Section 3 - Funding, Operation, and Distribution:
(1) The Sovereign Wealth Fund shall be financed through:
(i) An establishment investment of $100,000 from the Government.
(ii) Profits generated from its own investments, including business ventures and capital markets.
(iii) All profits generated through the Community Labour Program.
(2) The Fund shall be managed in trust for the benefit of the people of Andorn. On the first day of each calendar month, the Fund's net profits shall be distributed as follows:
(i) 60% shall be reinvested directly into the Fund to ensure growth and sustainability.
(ii) 20% shall be transferred to the national government budget for general use.
(iii) 20% shall be distributed as a monthly stimulus payment, divided equally among all individuals listed on the most recent Electoral Register.
(3) The Board of Trustees shall publish a monthly financial report detailing revenue, investments, and disbursements.

By submitting this bill to the House of Representatives, I hereby swear it is in good faith and in the best interest of the nation, the people I serve and my oath of office.

 

[SumoMC]

Presidential Signature

This bill is hereby granted Presidential Assent and signed into law.