US's Moran on sovereign wealth

In February 2008, Jim Moran (Democrat) and Tom Davis (Republican), two members of the Unites States House of Representatives, announced the establishment of a Congressional Task Force on Sovereign Wealth Funds.

"With $2.2 trillion in currency reserves, sovereign wealth funds are poised to become the defining player in international finance," said Moran at the time of the announcement. "In the next decade, they are projected to grow to over $13.4 trillion, more than the value of the New York Stoc