Introduced
S. 4825
Introduced in Senate · July 2, 2026June 18, 2026
Mr. Sanders introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to impose an excise tax on systemically important AI activity, and for other purposes.
Excise tax on systemically important AI activity
American A.I. Sovereign Wealth Fund
Purchases from AI businesses
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “American A.I. Sovereign Wealth Fund Act”.