Sanders Files Bill Taxing 50% of AI Giants' Stock for $7 Trillion Fund

U.S. Senator Bernie Sanders (Independent, Vermont) on June 18, 2026 introduced the American AI Sovereign Wealth Fund Act, which would place 50% of the largest AI companies' stock into public hands and create a sovereign wealth fund worth roughly $7 trillion. The plan would redistribute the wealth generated by the AI industry through direct payments to all Americans, with OpenAI, Anthropic and xAI among the companies reportedly covered.