Senator Sanders introduces the American A.I. Sovereign Wealth Fund Act (S. 4825)
S. 4825 would levy a one-time tax, payable in equity, on AI companies with more than USD 200 million in annual sales, placing the shares in a public fund managed by an independent commission and paying dividends to residents. Introduced and referred; no committee action recorded. Recorded from secondary reporting and the sponsor's press release; confirm on Congress.gov.
Practical impact: No obligations; a proposal to watch in the economic-transition tracker.
S. 4825, American A.I. Sovereign Wealth Fund Act
Verified (reviewed by Bhaskar Bhatt; a factual check against the official source, not a legal review)