Sanders Files Bill to Tax 50% of AI Firms' Stock for $7 Trillion Fund

Senator Bernie Sanders (I-VT) introduced the "American AI Sovereign Wealth Fund Act" in the Senate in June 2026, proposing a one-time 50% tax on the stock of large AI companies to transfer it into a federal sovereign wealth fund and distribute dividends to all Americans. The bill would require companies with annual AI-related revenue above $200 million—including OpenAI, Anthropic and xAI—to transfer 50% of their equity itself, creating a fund estimated at roughly $7 trillion at current valuations.details