Senator Bernie Sanders has introduced the American AI Sovereign Wealth Fund Act, proposing a one-time 50% equity tax on major AI companies like OpenAI, Anthropic, and xAI. Announced on June 1, the plan aims to transfer half of these companies' shares to a sovereign wealth fund intended to benefit the American public. This initiative targets ownership rather than profits, requiring companies to contribute equity regardless of profitability. This proposal is part of Sanders' broader strategy to address wealth concentration in the tech industry. Earlier in 2026, Sanders co-introduced a moratorium on AI data center construction and proposed a 5% annual wealth tax on billionaires. These measures reflect his ongoing efforts to regulate the AI sector and redistribute wealth more equitably.