American A.I. Sovereign Wealth Fund Act
The source supplies the latest action, but no lifecycle stage.
Latest action (18 Jun 2026): Read twice and referred to the Committee on Finance.
What this bill does
**Summary of S. 4825 — American A.I. Sovereign Wealth Fund Act**
This bill would create a new excise tax on large "systemically important" AI companies—those engaged in AI data centers, AI computing infrastructure, high-compute AI model development, or advanced robotics with more than $200 million in annual gross receipts from those activities. Rather than being paid in cash, the tax would be paid in newly issued company stock, calculated so that the federal government ends up holding 50% of the company's outstanding equity. Additional stock would be owed whenever the company issues new equity later. The stock collected would go into a new "American A.I. Sovereign Wealth Fund," managed by a newly created seven-member Independent Commission for Democratic AI, whose members would be nominated through a bipartisan, multi-committee process and barred from financial ties to AI companies. The Commission would vote the fund's shares, seek board seats at these companies, and direct the fund's holdings toward goals like worker welfare, competition, and safety, without coordinating across competing firms.
The bill primarily affects large AI companies (and their shareholders, through dilution), whose leaders would sit on boards alongside government-designated representatives. It also affects the general public, since annual distributions—5% of the fund's average value—would fund direct payments and services such as health care, education, and housing, as directed by future appropriations.
The bill was introduced by Senator Bernie Sanders on June 18, 2026, and referred to the Senate Finance Committee. It has not yet received a committee vote or floor action.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
18 Jun 2026
Read twice and referred to the Committee on Finance.
Common questions
- What does S. 4825 do?
- **Summary of S. 4825 — American A.I. Sovereign Wealth Fund Act** This bill would create a new excise tax on large "systemically important" AI companies—those engaged in AI data centers, AI computing infrastructure, high-compute AI model development, or advanced robotics with more than $200 million in annual gross receipts from those activities. Rather than being paid in cash, the tax would be paid in newly issued company stock, calculated so that the federal government ends up holding 50% of the company's outstanding equity. Additional stock would be owed whenever the company issues new equity later. The stock collected would go into a new "American A.I. Sovereign Wealth Fund," managed by a newly created seven-member Independent Commission for Democratic AI, whose members would be nominated through a bipartisan, multi-committee process and barred from financial ties to AI companies. The Commission would vote the fund's shares, seek board seats at these companies, and direct the fund's holdings toward goals like worker welfare, competition, and safety, without coordinating across competing firms. The bill primarily affects large AI companies (and their shareholders, through dilution), whose leaders would sit on boards alongside government-designated representatives. It also affects the general public, since annual distributions—5% of the fund's average value—would fund direct payments and services such as health care, education, and housing, as directed by future appropriations. The bill was introduced by Senator Bernie Sanders on June 18, 2026, and referred to the Senate Finance Committee. It has not yet received a committee vote or floor action.
- Has S. 4825 become law?
- The source does not supply a confirmed lifecycle stage for S. 4825. Check the latest action and official source below.
- Who sponsored S. 4825?
- S. 4825 was sponsored by Sen. Sanders, Bernard [I-VT] (I-VT), with 0 cosponsors.
- What's the latest action on S. 4825?
- Read twice and referred to the Committee on Finance. (18 Jun 2026).
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