Wyoming generational investment account.
AN ACT relating to the investment of state funds; creating the Wyoming generational investment account; specifying the investment of funds in the account; specifying the disposition of investment earnings; providing for the accounting and administration of the account; requiring transfers of funds; requiring reports; making conforming amendments; and providing for an effective date.
The bill proposes to establish the Wyoming Generational Investment Account, where state funds will be invested with the goal of generating earnings for future generations. It outlines specific investment strategies and how the earnings should be managed and distributed. This fund would be designed to benefit the state's economy and provide financial security for future residents.
This initiative would primarily affect the state government by creating a new financial strategy for managing state funds. It could also indirectly impact citizens through potential long-term economic benefits and enhanced financial stability for the state. The bill does not specify direct benefits or obligations for individual citizens but aims at securing the state's financial future.
As of February 10, 2025, the bill has failed to progress further in the legislative process. After being introduced on January 23 and passing a committee recommendation on February 6, it was not considered for further action in the House.