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Proposed transfer of equity and shareholder power
Sanders announced this proposal in June2026. It would obtain public equity through a tax settled in newly issued shares.
The office estimates a $7trillion fund at then-current valuations; that is a forecast. The linked legislative draft imposes a share-settled tax and would separate covered AI and non-AI businesses. Its operative company threshold is over $200million in covered annual gross receipts. These are proposed provisions, not current ownership. Later equity issuances would trigger additional remittance. The text provides an appropriation route; it does not automatically issue individual dividend payments.
American A.I. Sovereign Wealth Fund Act — proposal → Independent Commission for Democratic AI — proposed
Event or period: 2026-06-18; checked 13 September 2026
Seven commissioners would be presidentially appointed with Senate confirmation through specified congressional nomination lists.
Bernie Sanders → American A.I. Sovereign Wealth Fund Act — proposal
Event or period: 2026-06-18; checked 13 September 2026
Sanders’s office announced introduction on June18; the linked text retains blank procedural fields.
American A.I. Sovereign Wealth Fund Act — proposal → American A.I. Sovereign Wealth Fund — proposed
Event or period: 2026-06-18; checked 13 September 2026
The proposal would collect newly issued equity leaving the public holder with 50% after remittance.
Abdul El-Sayed → American A.I. Sovereign Wealth Fund Act — proposal
Event or period: 2026-06-29; checked 13 September 2026
El-Sayed’s platform explicitly supports Sanders’s public-ownership proposal.
AI safety meets public ownership: who gets the board seats? ↗
Abdul El-Sayed → Publicly supports Sanders proposal → American A.I. Sovereign Wealth Fund Act — proposal
Event or period: 2026-06-29; checked 13 September 2026
El-Sayed’s platform explicitly supports Sanders’s public-ownership proposal.
Bernie Sanders → Announces legislation → American A.I. Sovereign Wealth Fund Act — proposal
Event or period: 2026-06-18; checked 13 September 2026
Sanders’s office announced introduction on June18; the linked text retains blank procedural fields.
American A.I. Sovereign Wealth Fund Act — proposal → Would establish public equity fund → American A.I. Sovereign Wealth Fund — proposed
Event or period: 2026-06-18; checked 13 September 2026
The proposal would collect newly issued equity leaving the public holder with 50% after remittance. Proposed arrangement; no implementation established.
American A.I. Sovereign Wealth Fund Act — proposal → Would establish Treasury commission → Independent Commission for Democratic AI — proposed
Event or period: 2026-06-18; checked 13 September 2026
Seven commissioners would be presidentially appointed with Senate confirmation through specified congressional nomination lists. Proposed arrangement; no implementation established.