Sponsors (3)
Official title: To establish the Economy of the Future Commission, and for other purposes.
Introduced April 16, 2026 by Jay Obernolte · Last progress April 16, 2026
The bill creates a short-lived, bipartisan commission with data‑gathering power to quickly produce evidence-based AI policy and workforce recommendations and support domestic AI capacity, trading off greater speed and access to information for reduced public transparency, potential politicization, compliance burdens, and modest federal spending with uncertain long-term impact.
Federal policymakers (Congress and related committees) will receive a bipartisan, evidence-based report with legislative recommendations—supported by the Commission's authority to gather granular employment and revenue data—within 13 months, improving the information base for AI policy decisions.
Students and workers gain concrete recommendations to expand AI education and reskilling programs, potentially improving job readiness and workforce adaptability for technology-driven roles.
Small and medium businesses may receive guidance on open-source AI practices and could gain access to computing resources and models through proposed public–private partnerships, lowering barriers to AI adoption for smaller firms.
The Commission is exempted from FOIA and FACA, limiting public access to its records and external oversight and reducing transparency and accountability for a body that will influence AI policy.
Congressional leadership controls appointments to the Commission, which could politicize member selection and undermine the perceived independence of the Commission despite conflict‑of‑interest prohibitions.
The Commission's broad subpoena and information‑gathering authority could impose substantial compliance burdens on businesses, nonprofits, and agencies asked to produce documents or testimony.
Based on analysis of 2 sections of legislative text.
Creates a bipartisan congressional commission to study AI’s economic effects and develop consensus legislative recommendations.
Creates a bipartisan Economy of the Future Commission in the legislative branch to study economic changes from artificial intelligence (AI) and develop consensus legislative recommendations. The 12‑member voting commission (plus four ex officio nonvoting executive branch members) is appointed by congressional leaders, must convene quickly after enactment, follow ethics/conflict rules, be co‑chaired by one Senator and one Representative from opposing parties, and produce reports and recommendations to Congress.