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Sanders Files $7T Public Fund Bill With 50% Stock Tax on AI Firms

June 26, 2026 at 14:00 EDT

Policy & Regulation
Funding & M&A

U.S. Senator Bernie Sanders (I-Vt.) introduced the "American AI Sovereign Wealth Fund Act" in the Senate on June 18, 2026, imposing a one-time 50% stock tax on large AI companies to create a public sovereign wealth fund valued at roughly $7 trillion. The measure aims to return AI-generated wealth to the public and bring public oversight to corporate decision-making. (Sanders Senate announcement)

June 18, 2026 · U.S. Senate

A $7 Trillion Public Stake in the AI Boom

Sen. Bernie Sanders' American AI Sovereign Wealth Fund Act would tax major AI companies a one-time 50% of their equity — paid in shares, not cash — to build a public fund returning roughly $1,045 a year to every American.

50%

one-time equity tax, paid in shares not cash

$7T

estimated fund size at current valuations

$1,045

annual direct payment per American

How the $7T Fund Is Spent — 5% Drawn Annually

Each block = ~10% of the annual payout

~30%

Direct cash to every American (~$1,045)

~70%

Health, education, housing & environment

How It Would Work

Covered firms

>$200M annual AI revenue (OpenAI, Anthropic, xAI)

→

Treasury fund

Receives 50% of shares, holds voting rights

→

7-member commission

Independent body distributes 5% of value yearly

Supporters say

Shares the AI windfall now concentrated in a few firms
Paid in equity — adds no government debt; firms bear any downside

Critics warn

Could erode U.S. competitiveness or push firms offshore
Politicizes government ownership; passage chances seen as low

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