SM 1488 Florida Senate · 2025 Regular Session

United States Sovereign Wealth Fund

This resolution (SM 1488) is a non-binding request urging Congress to create a framework for a U.S. sovereign wealth fund. It does not establish the fund itself but asks lawmakers to develop a structure for one, which would be a government-owned investment vehicle. The resolution directly affects Congress, as it calls on them to take action, though it does not specify how the fund would operate or who would be impacted by it if created. It focuses solely on initiating the process of building a framework, not on implementing specific policies.
Bill status passed both 4 of 5 stages cleared
Introduction
Mar 2025
Committee Review
Apr 2025
Senate Passage
Apr 2025
House Passage
Apr 2025
Governor
Introduced Mar 10, 2025 Last action Jun 18, 2025
Maddy AI version diff · 1 comparison

What changed between versions

S 1488 Filed S 1488 er · 3 edits
MINOR
This document shows the transformation of a Florida Senate memorial bill from its original filed version to its enrolled (final) version. The substantive content of the memorial remains identical in both versions, with no changes to the policy, scope, or requirements. The primary differences are formatting and metadata additions that indicate the bill has been formally enrolled and approved for transmission to federal officials.
TECHNICAL

Added metadata headers including bill number (1488), title (United States Sovereign Wealth Fund), date/time stamp, and status (ENROLLED) to indicate final legislative approval

Removed original filing metadata including page headers, coding instructions, and bill tracking numbers from the enrolled version

Reformatted line numbers and spacing to match standard enrolled document formatting conventions

Floor votes · Senate Mar 26, 2025

How they voted

204
Passed · 1 other
Total votes 25
Mar 26, 2025
D Democratic5
1 Yea 4 Nay
80% Nay
I Independent1
1 Yea
100% Yea
R Republican19
18 Yea 1
94% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
22
Key actions
7
Committee
6
Jun 18, 2025
Introduced
Signed by Officers and filed with Secretary of State
legislature
Apr 29, 2025
Lower · Passed
Adopted
lower
Apr 28, 2025
Committee
Bill referred to House Calendar
lower
Apr 3, 2025
Upper · Passed
Adopted
upper
Mar 26, 2025
Senate · Passed
Senate Vote: pass (20-4-1)
senate
Mar 26, 2025
Upper · Passed
Favorable by- Rules; YEAS 20 NAYS 4
upper
Mar 21, 2025
Upper · Passed
On Committee agenda-- Rules, 03/26/25, 9:00 am, 412 Knott Building
upper
Mar 17, 2025
Upper · Passed
Favorable by Commerce and Tourism; YEAS 6 NAYS 3
upper
Mar 12, 2025
Upper · Passed
On Committee agenda-- Commerce and Tourism, 03/17/25, 1:30 pm, 110 Senate Building
upper
Mar 10, 2025
Introduced
Introduced
upper
Mar 6, 2025
Committee
Referred to Commerce and Tourism; Rules
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Bryan Ávila
RRepublican
FL
39