Bernie Sanders wants the government to own half of every U.S. AI company — here's what that could mean for your wallet

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Skip to navigationSkip to main contentSkip to right columnDave SmithSat, July 4, 2026 at 1:40 PM GMT+2 6 min readBernie Sanders wants everyday Americans to enjoy a slice of the AI pie. On June 18, the independent senator from Vermont introduced legislation that would force the largest U.S. artificial intelligence companies to hand over half their stock to the federal government, creating a public investment fund that his office estimates could eventually mail every American a check for more than $1,000 a year.Sanders' bill (1), called the American AI Sovereign Wealth Fund Act, targets companies like OpenAI, Anthropic and Elon Musk's xAI.Must ReadJeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being oneDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake —