Bill · S. 4825· Senate(119-S-4825)
American A.I. Sovereign Wealth Fund Act
- Introduced
- 6/18/2026
- Last activity
- 6/18/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Bernie Sanders
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The American A.I. Sovereign Wealth Fund Act imposes an excise tax on systemically important AI companies that have gross receipts exceeding $200 million. This tax requires these companies to remit 50 percent of their outstanding equity interests to a new trust fund. The fund will be managed by the Independent Commission for Democratic AI to promote worker welfare, public safety, and environmental sustainability. Authorized distributions from the fund will provide direct payments to the American people to support a dignified standard of living. Additionally, the bill requires these AI companies to undergo structural separation through the Federal Trade Commission.
Yes· 3 of 29
Would households on low incomes be better off under this?+10
Direct payments from the fund are specifically designed to ensure a dignified standard of living.
Does this put more rules on large technology companies?+10
Imposes extreme ownership taxes and forced structural separation on systemically important AI companies.
Does this raise the taxes companies pay?+10
Imposes a massive excise tax requiring systemically important AI companies to remit 50% of their equity to a public fund.
The opposite· 3 of 7
Would billionaires be better off under this?-10
Explicitly targets the wealth of AI billionaires for redistribution to the public.
Would the very wealthiest people be better off under this?-9
Directly targets the wealth of 'oligarchs' in the AI sector.
Would business owners be better off under this?-8
Applicable AI business owners face 50% equity seizure and forced structural separation.
Who it would affect, and how
Potential Positive Impacts for People
-
Direct Payments to Citizens: The bill authorizes appropriations from the Fund to provide direct payments to the American people to ensure a dignified standard of living, including housing, education, and health care (Section 3(b)(1)(2)).
-
Public Wealth Sharing: The legislation is based on the finding that since AI derives value from humanity's collective intelligence, the public should share in the wealth it generates (Section 2(1)-(2)).
-
Promotion of Public Interests: The Independent Commission for Democratic AI is tasked with managing the Fund to promote goals such as worker welfare, public safety, and environmental sustainability (Section 3(b)(2)(B)(i)).
Potential Negative Impacts for People
-
Burdens on AI Businesses: Companies meeting the "applicable AI company" definition must remit 50 percent of their equity interests to the government, which may impact their ownership structure (Section 3(a)(b)(1)).
-
Strict Corporate Restrictions: Applicable AI companies must undergo "structural separation," meaning they cannot conduct any business outside of AI, share officers with other entities, or participate in joint ventures with non-AI companies (Section 4(a)(2)).
-
Reporting Requirements for Businesses: Persons engaged in trade or business who purchase AI services, infrastructure, or robotics above a certain threshold must file returns and furnish statements to the Secretary (Section 3(c)(1)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+10Good For Middle Class Households+8Good For Children+7Good For Middle Aged+7Good For Retirees+7Good For Seniors+7Good For Students+7Good For Young Adults+7Good For African Americans+6Good For Asian Americans+6Good For Hispanic Americans+6Good For Native Americans+6Good For White Americans+6Good For Union Workers+5Good For Billionaires-10Good For Ultra High Net Worth Individuals-9Good For Business Owners-8Good For High Net Worth Individuals-7Good For High Income Households-2
- Education And Technology
- Increases Big Tech Regulation+10Improves Intellectual Property Fairness+6Improves College Affordability+5Improves Data Privacy+2
- Economy And Finance
- Increases Corporate Taxes+10Increases Wealthy Taxes+8Improves Union Protections+3Improves Consumer Protection+2Improves Economic Growth-4
- Social Issues And Justice
- Improves Poverty Reduction+9Improves Affordable Housing+5Reduces Homelessness+5
- Governance And Ideology
- Increases Federal Power+8Improves Government Transparency+4Increase States Rights-5
- Healthcare
- Improves Healthcare Access+5
- Environment Energy And Infrastructure
- Improves Environmental Protections+3
- 6/18/2026
- Read twice and referred to the Committee on Finance.
- Introduced in Senate
2 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.