Economy of the Future Commission Act of 2026
The source supplies the latest action, but no lifecycle stage.
Latest action (11 Mar 2026): Read twice and referred to the Committee on Commerce, Science, and Transportation.
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.
Timeline
11 Mar 2026
Read twice and referred to the Committee on Commerce, Science, and Transportation.
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?
- The source does not supply a confirmed lifecycle stage for S. 4046. Check the latest action and official source below.
- Who sponsored S. 4046?
- S. 4046 was sponsored by Sen. Warner, Mark R. [D-VA] (D-VA), with 1 cosponsor.
- What's the latest action on S. 4046?
- Read twice and referred to the Committee on Commerce, Science, and Transportation. (11 Mar 2026).
Related bills in Congress
Providing for consideration of the bill (H.R. 9899) to designate Afghanistan under section 244 of the Immigration and Nationality Act to permit nationals of Afghanistan to be eligible for temporary protected status under such section, and for other purposes.
Expressing profound sorrow over the death of Alexander Michel Odeh.
Stop Insider Trading Act
A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
More bills from Sen. Warner, Mark R. [D-VA]
Ensuring Accurate Payments to Specialty Pharmacies Act
Artificial Intelligence Risk Management and Security Act of 2026
Alpha-gal Allergen Inclusion Act
STOP TICKS Act
Bill100 mirrors the public U.S. legislative record from Congress.gov and GovTrack and adds plain-English AI summaries. It is an information tool, not legal, compliance or lobbying advice, and it is not affiliated with the U.S. Congress or any government agency. AI summaries can simplify or omit detail — every bill links to the official source; verify there before you rely on it.