Optional Blind Pool Investment Fund Supporting “Made in America” for Elected Officials

Economy
1

Proposal: Optional and sole investment opportunity / Blind Pool Investment Fund Supporting “Made in America” for Elected Officials

Submitted to:Policies for people
Date: November 8, 2024
Submitted by: Jared

Executive Summary

This proposal recommends the creation of an optional, independently managed blind pool investment fund, focusing solely on “Made in America” businesses, as an ethical investment choice for elected officials. This fund would allow public servants to support domestic industries without access to specific investment details, thereby minimizing potential conflicts of interest and promoting American economic growth.

Purpose

The purpose of this proposal is to:
1. Provide an Ethical Investment Option: Allow politicians to invest in a way that reduces potential conflicts of interest while supporting the U.S. economy.
2. Promote American Industry: By focusing on “Made in America” businesses, the fund would provide additional capital to support U.S. manufacturing and job creation.
3. Increase Public Trust in Public Servants: Offering this fund as an option enhances transparency and demonstrates a commitment to ethical, patriotic investing.

Proposal Details

  1. Structure of the Optional Blind Pool Fund

    • Blind Pool Fund: The fund would operate as a blind pool, where specific holdings remain undisclosed to participating investors.
    • Independent Management: Managed by a third-party fiduciary or asset management firm with full discretion over investment choices.
    • Investment Focus: Limited to companies meeting “Made in America” criteria, meaning companies that manufacture goods primarily within the United States.

  2. “Made in America” Investment Criteria

    • Domestic Production Requirement: Eligible companies must predominantly produce goods within the United States, using domestic labor and resources.
    • Certification and Compliance: Collaborate with independent organizations (e.g., Federal Trade Commission) to certify that each company meets “Made in America” criteria.
    • Regular Audits: Conduct regular audits to ensure that the fund consistently adheres to these criteria.

  3. Voluntary Participation and Incentives

    • Optional Investment: Participation in this fund is entirely voluntary, providing a choice for elected officials who wish to align investments with national interests without holding specific knowledge of their holdings.
    • Tax Benefits: Offer potential tax incentives for officials who choose this fund, encouraging ethical investment in U.S.-based companies.
    • Conflict of Interest Safe Harbor: Provide a safe harbor exemption from specific conflict-of-interest scrutiny for officials choosing this blind pool option, as they would have no knowledge of individual investments.

  4. Accountability and Transparency

    • Independent Oversight: Establish an independent board to verify that the fund consistently aligns with “Made in America” standards and manages investments in an unbiased manner.
    • Public Disclosure of Participation: While the fund maintains the confidentiality of specific holdings, participation itself can be publicly disclosed, allowing for greater transparency.
    • Regular Impact Reports: Provide anonymized, aggregate reports on the economic impact of the fund’s investments, such as jobs created and industry sectors supported, without revealing specific companies.

Benefits of the Proposal

1.	Ethical Investment Choice: Allows public officials to invest in a way that avoids conflicts of interest, focusing on American economic welfare.
2.	Support for U.S. Industry: Concentrated capital in domestic manufacturing helps support job creation, economic stability, and growth in key American industries.
3.	Enhanced Public Confidence: An optional, ethically structured investment choice for politicians demonstrates a commitment to transparency and integrity in public service.

Conclusion

This optional blind pool investment fund represents a meaningful advancement in ethical financial options for elected officials, aligning their investments with the interests of American industries and citizens. This approach reduces conflicts of interest, promotes economic growth, and strengthens public trust.

Proposed Action Steps:
1. Develop and authorize the fund through collaboration with financial institutions and independent oversight agencies.
2. Introduce legislation to establish tax benefits and conflict-of-interest safe harbor provisions for participants in this fund.
3. Encourage public education on the fund’s purpose and benefits, highlighting its role in supporting U.S. industry.