Could the U.S. government soon be running its own massive investment fund? President Trump might just make that happen. On Monday, he signed an executive order to explore creating a sovereign wealth fund for the nation.

Sovereign wealth funds aren’t new—they’re investment pots owned by governments, often built from budget surpluses or profits from resources like oil. Countries like Singapore and those in the Middle East have been using them for years. Trump, however, has pointed out that the U.S. lacks one. “Other countries have wealth funds,” he said during his campaign. “We have nothing.”

This executive order is the first step toward changing that. It directs Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to come up with a solid plan within 90 days. Bessent has already hinted that the U.S. could see its own sovereign wealth fund within a year.

But here’s the catch: creating such a fund would likely need Congress’s approval, as it would involve taxpayer money or other government funds. Plus, it’s unclear where the U.S. would get the cash to seed it. Unlike oil-rich nations, the U.S. doesn’t have a steady stream of resource revenues to tap into.

If successful, this fund could invest in domestic industries and beyond, mirroring similar funds worldwide. While the idea is still in its early stages, it’s got people talking. Could this be the next big move in U.S. economic policy? Only time will tell.