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Article: SEN. BIDEN SPEAKS ON SOVEREIGN WEALTH FUNDS: 'WHAT ARE THE THREATS, OPPORTUNITIES AND CHALLENGES ALONG THE WAY?'

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US Fed News Service, Including US State News
Article date:
June 11, 2008
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Senate Foreign Relations Committee Chairman Joseph R. Biden Jr., D-Del., issued the following news release:

Chairman of the Senate Foreign Relations Committee Joseph R. Biden, Jr. (D-DE) held a hearing this morning entitled, "Sovereign Wealth Funds: Foreign Policy Consequences In an Era of New Money" to discuss the implications of the rise of Sovereign Wealth Funds (SWFs) for U.S. interests and foreign policy as well as the pros and cons for establishing guidelines for SWFs operations.

Sovereign Wealth Funds, which are investment funds owned and managed by national governments, have increased considerably in recent years. These investments have become particularly concentrated in U.S. ...

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