Economy of the Future Commission Act of 2026

Key Points

• This bill creates a 12-member group called the Economy of the Future Commission. The group will include four members of Congress and eight outside experts in technology, education, and taxes. Their job is to figure out how the government should respond to the rise of artificial intelligence.
• The commission will study how artificial intelligence affects the job market, schools, and government programs. They will look for ways to help workers learn new skills if their jobs are replaced by technology and suggest updates to the social safety net to support people during these transitions.
• Within seven months, the group must give the public a report predicting how many jobs will change over the next 10 years. They will also look at how artificial intelligence might increase or decrease the amount of tax money the government brings in.
• The group will also look at technical issues like the energy needed for large data centers and safety rules for self-driving cars and planes. They have the power to hold hearings and require companies or government agencies to provide information for their research.
• The bill provides $5.25 million to pay for the commission's work. The group is meant to be temporary and will finish its work and shut down about 17 months after the bill becomes law.

Impact Analysis

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