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● LIVE Updated 27d ago · 31 sources tracked

Sanders bills AI companies for $7T public fund, aims $1,000 payments for US citizens

Senator Bernie Sanders introduced a bill on June 18, 2026, to create a public fund through a one-time 50% stock tax on major AI firms. The proposal seeks to establish a $7 trillion fund to provide annual dividends of roughly $1,000 per U.S. resident. A seven-member bipartisan commission would manage the voting shares.

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What changed

New details emerge regarding the specific tax rate, the proposed dividend amount, and the creation of a bipartisan oversight commission.

Live updates

  1. Sanders Introduces American AI Sovereign Wealth Fund Act

    Senator Bernie Sanders introduced a bill on June 18, 2026, to create a public fund through a one-time 50% stock tax on major AI firms. The proposal seeks to establish a $7 trillion fund to provide annual dividends of roughly $1,000 per U.S. resident. A seven-member bipartisan commission would manage the voting shares.

    What's confirmed:

    • Senator Bernie Sanders introduced the American AI Sovereign Wealth Fund Act on June 18, 2026.
    • The bill proposes a one-time 50% stock tax on the largest U.S. AI firms to be paid in shares.
    • The proposal includes the creation of the Independent Commission for Democratic AI, a seven-member bipartisan body.
    • Sanders' office estimates the fund at $7 trillion at current valuations.
    • A 5% annual dividend from the fund would yield roughly $1,000 per U.S. resident.
    • The bill requires companies to split their AI and non-AI businesses.

    Still unconfirmed:

    • OpenAI CEO Sam Altman has discussed voluntary equity transfers with Trump administration officials.
    • Vice President JD Vance has expressed support for public AI ownership.
    confidence 90%

  2. Sanders Proposes 7 Trillion Dollar AI Sovereign Wealth Fund

    Senator Bernie Sanders introduced the American AI Sovereign Wealth Fund Act to establish public ownership of major AI firms. The bill seeks to transfer 50% of equity from top companies into a federal fund. This initiative aims to provide annual payments to American citizens and create a new regulatory regime for the tech industry.

    What's confirmed:

    • The American AI Sovereign Wealth Fund Act proposes a 50% public ownership stake in the largest US AI companies.
    • The bill intends to provide American citizens with annual payments of $1,000 or more.
    • The legislation would establish a new regulatory regime for the tech industry.
    • The proposed public wealth fund is valued at 7 trillion dollars.
    • The fund would be financed through a stock tax.

    Still unconfirmed:

    • The bill specifically targets the seizure of 50% equity from OpenAI, Anthropic, and xAI.
    • Legal experts claim the equity transfer violates the Fifth Amendment.
    • The annual payment to Americans would be exactly $1,045.
    confidence 90%

  3. Bernie Sanders Proposes $7 Trillion AI Sovereign Wealth Fund

    Senator Bernie Sanders introduced the American AI Sovereign Wealth Fund Act on June 18. The bill seeks to give the public a 50% ownership stake in the largest US artificial intelligence companies. This fund would aim to provide annual $1,000 payments to American citizens.

    What's confirmed:

    • Senator Bernie Sanders introduced the American AI Sovereign Wealth Fund Act on June 18.
    • The bill proposes giving the public a 50% ownership stake in the largest AI companies in the US.
    • The proposed fund has a target value of $7 trillion.
    • The plan aims to provide annual $1,000 payments to Americans.

    Still unconfirmed:

    • The fund would be created via a one-time 50% stock tax on the largest AI companies.
    • The 50% ownership stake would apply specifically if the companies become profitable.
    confidence 100%