Economy of the Future Commission Act of 2026
Latest action (11 Mar 2026): Introduced
What this bill does
S. 4046, the Economy of the Future Commission Act of 2026, would create a new body called the Economy of the Future Commission within the legislative branch to study economic effects of artificial intelligence and recommend legislation. The Commission would have 10 voting members appointed by congressional party leaders (mixing sitting Members of Congress and outside experts in AI, education, workforce retraining, or taxation), plus four nonvoting Deputy Secretaries from Education, Labor, Commerce, and Treasury. It would be co-chaired by one Democrat and one Republican, one from each chamber. The Commission would have subpoena power, could hold hearings, hire staff, and receive information from federal agencies, but would be exempt from the Federal Advisory Committee Act and Freedom of Information Act.
The bill affects federal policymaking on AI's economic impact, touching areas such as workforce training, K-12 and higher education, tax policy, social safety net programs, transportation safety, energy demands from data centers, and manufacturing. It would require an interim report within 7 months covering employment and revenue projections, and a final report within 13 months with legislative recommendations, followed by agency assessments from Treasury, Commerce, Labor, and Education. The Commission would dissolve 120 days after submitting its final report. The bill appropriates $5,250,000 for its work.
The bill was introduced by Senator Mark Warner (D-VA), with Senator Rounds as a cosponsor, on March 11, 2026, and referred to the Senate Committee on Commerce, Science, and Transportation. As an introduced bill, it would need committee consideration, floor votes in both chambers, and the President's signature before becoming law; no further action has yet occurred.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on March 11, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does S. 4046 do?
- S. 4046, the Economy of the Future Commission Act of 2026, would create a new body called the Economy of the Future Commission within the legislative branch to study economic effects of artificial intelligence and recommend legislation. The Commission would have 10 voting members appointed by congressional party leaders (mixing sitting Members of Congress and outside experts in AI, education, workforce retraining, or taxation), plus four nonvoting Deputy Secretaries from Education, Labor, Commerce, and Treasury. It would be co-chaired by one Democrat and one Republican, one from each chamber. The Commission would have subpoena power, could hold hearings, hire staff, and receive information from federal agencies, but would be exempt from the Federal Advisory Committee Act and Freedom of Information Act. The bill affects federal policymaking on AI's economic impact, touching areas such as workforce training, K-12 and higher education, tax policy, social safety net programs, transportation safety, energy demands from data centers, and manufacturing. It would require an interim report within 7 months covering employment and revenue projections, and a final report within 13 months with legislative recommendations, followed by agency assessments from Treasury, Commerce, Labor, and Education. The Commission would dissolve 120 days after submitting its final report. The bill appropriates $5,250,000 for its work. The bill was introduced by Senator Mark Warner (D-VA), with Senator Rounds as a cosponsor, on March 11, 2026, and referred to the Senate Committee on Commerce, Science, and Transportation. As an introduced bill, it would need committee consideration, floor votes in both chambers, and the President's signature before becoming law; no further action has yet occurred.
- Has S. 4046 become law?
- Not yet. As of 11 Mar 2026, S. 4046 is introduced.
- Who sponsored S. 4046?
- S. 4046 was sponsored by Sen. Mark Warner [D-VA] (Democrat-VA), with 1 cosponsor.
- What's the latest action on S. 4046?
- Introduced (11 Mar 2026).
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Legislative Branch Agencies Clarification Act
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