AI Bubble Transparency Act

This bill would require the Office of Financial Research to order financial companies to report data on their loans to and investments in companies that support artificial intelligence, such as chip makers, data centers, cloud providers, and AI model developers. Reports would cover details like the size of the exposure, interest rates, terms, collateral, and the borrowing companies' revenue and debt. The Director could exempt banks with less than $10 billion in assets and companies with less than $500 million in AI-related exposure. Within one year, the Financial Stability Oversight Council would publish a report on the findings and issue recommendations to agencies and Congress, and the Director would give the full, unredacted data to the banking and financial services committees of Congress.

Full text and official record on Congress.gov

Sponsors

• Elizabeth Warren Democrat sponsor
• 1 cosponsors