Bill · S. 4743· Senate(119-S-4743)
AI Bubble Transparency Act
- Introduced
- 6/10/2026
- Last activity
- 6/10/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Elizabeth Warren
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
The AI Bubble Transparency Act requires the Office of Financial Research to collect data from financial companies regarding their debt and equity exposure to the artificial intelligence sector. This includes information on chip makers, data centers, and AI developers. The Chair of the Financial Stability Oversight Council must then issue a public report evaluating how this exposure could threaten the stability of the U.S. financial system. Additionally, the Council will provide recommendations to Congress and regulatory agencies to mitigate these risks. The collected data must also be submitted to specific House and Senate committees.
Yes· 3 of 8
Does this make what the government does easier for the public to see?+6
Requires the public release of reports evaluating the financial system's exposure to the AI sector.
Does this give the federal government more power?+5
Grants the Office of Financial Research power to compel data from private financial companies.
Does this put more rules on large technology companies?+4
Increases government oversight of the financial connections and risks associated with AI developers and chip makers.
The opposite
Does this protect people from being watched or searched?-3
Compels the disclosure of detailed private company financial data to the federal government.
Would business owners be better off under this?-2
Financial business owners face increased reporting burdens and potential regulatory oversight.
Who it would affect, and how
Potential Positive Impacts for People
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Financial Stability Risk Mitigation: By requiring the Council to issue policy recommendations to Congress and member agencies to mitigate financial stability risks related to AI financing, the bill aims to protect the broader financial system (Section 2(d)(2)).
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Increased Transparency: The requirement for the Chair of the Financial Stability Oversight Council to make a report publicly available regarding the size and complexity of the financial system's exposure to AI allows the public to understand potential risks (Section 2(d)(1)).
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Protections for Small Businesses: The Director has the authority to exempt small financial companies, such as banks with less than $10 billion in assets, from the reporting requirements (Section 2(b)(2)).
Potential Negative Impacts for People
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Burdens on Financial Companies: Financial companies are required to submit detailed data on credit and equity exposure, including borrower characteristics and off-balance sheet liabilities, which may create an administrative burden (Section 2(b)(1)).
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Compelled Compliance: The Director is authorized to use enforcement power to compel data from any financial company that fails to comply with the collection requirements (Section 2(c)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+6Increases Federal Power+5Improves Privacy Rights-3
- Economy And Finance
- Improves Consumer Protection+3Improves Economic Growth+2Improves Small Business Support+2
- Education And Technology
- Increases Big Tech Regulation+4
- Demographic And Interest Groups
- Good For Low Income Households+2Good For Middle Class Households+2Good For Business Owners-2
- 6/10/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
Richard BlumenthalDemocrat · Connecticut