The FIGHT China Act would permit the Treasury Department to block U.S. investments in certain technologies in China, including AI models, quantum computers, materials used in hypersonic systems and other military technologies.

President Donald Trump wants to create a U.S. sovereign wealth fund, but launching it would require intense planning, likely congressional approval and tackling complicated questions around governance, funding and asset allocation, experts said.

Tax cuts, tariffs and deregulation will be key focuses for Republican lawmakers next year after President-elect Donald Trump’s decisive victory coupled with Republicans flipping control of the Senate and potentially retaining control of the House.

Although there are many dividing lines between the two candidates vying for the presidency, they notably have vastly different economic visions.

Leaders in both major political parties are interested in establishing a U.S. sovereign wealth fund, but some experts say creating such a fund will be daunting and impractical.

Trump said the fund, which would pay for infrastructure projects and reduce the national debt, would be supported through tariffs.