Findings

Congress makes the following findings: (1) When a public resource generates wealth, the public should share in that wealth. (2) Artificial intelligence is a public resource that derives its economic value from humanity’s collective intelligence, including our books, songs, artwork, journalism, computer code, scientific research, videos, conversations, images, and ideas spanning generations. (3) A small number of oligarchs have essentially stolen the creative work of hundreds of millions of people—writers, artists, musicians, journalists, teachers, scientists, and ordinary citizens—without permission, acknowledgment, or compensation in order to control the majority of economic value created by artificial intelligence. (4) Artificial intelligence is built on the collective knowledge of humanity and the wealth it generates must benefit humanity. (5) Sixty-seven countries throughout the world operate more than 100 sovereign wealth funds to ensure working families benefit from public resources and national wealth. (6) Sovereign wealth funds have existed in the United States for more than 150 years. (7) The Texas Permanent School Fund was established in 1845 and distributed nearly $5,000,000,000 to Texas schools for the 2026–2027 school year. (8) The Alaska Permanent Fund was established 50 years ago from the State's oil revenues, and for decades it has paid dividends directly to Alaskans. In 2022, that dividend check was $3,284 per person; in 2023 it was $1,312; in 2024 it was $1,702; and in 2025 it was $1,000. (9) Today, 6 States operate sovereign wealth funds that control over $300,000,000,000 in assets. (10) Industry leaders support the creation of an artificial intelligence sovereign wealth fund to ensure the American people have a seat at the table to ensure artificial intelligence is developed safely and to benefit humanity, including— (A) OpenAI, which has proposed a Public Wealth Fund that provides every citizen—including those not invested in financial markets—a stake in AI-driven economic growth; (B) Anthropic, which has proposed a sovereign wealth fund to shape the sector’s behavior and distribute AI-derived wealth more equitably; and (C) Elon Musk, who has proposed universal HIGH INCOME via checks issued by the Federal Government to address unemployment caused by artificial intelligence.