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Sanders Proposes AI Sovereign Wealth Fund, 50% Equity Transfer

6/2/2026

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Summary

Story summary

Senator Bernie Sanders will introduce the AI Sovereign Wealth Fund Act, requiring AI firms such as Anthropic, OpenAI and xAI to transfer 50 % of their equity to a sovereign wealth fund.
The bill gives the federal government voting shares and equal board representation to block decisions that could harm citizens.
Revenue would fund cash payments and support health care, housing and education, modeled on Norway’s and Alaska’s funds.

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Story summary

Senator Bernie Sanders will introduce the AI Sovereign Wealth Fund Act, requiring AI firms such as Anthropic, OpenAI and xAI to transfer 50 % of their equity to a sovereign wealth fund.
The bill gives the federal government voting shares and equal board representation to block decisions that could harm citizens.
Revenue would fund cash payments and support health care, housing and education, modeled on Norway’s and Alaska’s funds.