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