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American A.I. Sovereign Wealth Fund Act (S.B.4825, US)

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Bill Status

Summary:

Imposes a tax on AI companies with annual gross receipts above $200, including AI data center operators, of 50% of the company’s outstanding equity. This equity is to be deposited into a sovereign wealth fund. Voting rights to be deployed so as to promote “worker welfare, public safety, fair competition …, environmental sustainability, and financial solvency.”

Session:

Current

State / Federal:

Bill Number:

S.B.4825

Party of sponsors/cosponsors:

I

Concerns, objectives, methods:

environment

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