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119-hr-8345119th CongressWALLET

Economy of the Future Commission Act of 2026

Sponsored By: Representative Obernolte, Jay [R-CA-23]

Introduced

Summary

This bill would create the Economy of the Future Commission to help _prepare the U.S. economy for AI-driven shifts_. It would craft bipartisan legislative recommendations on workforce retraining, federal AI adoption standards, and expanding research and manufacturing access.

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  • Workers and students would get focused recommendations on AI education, reskilling programs, and unemployment insurance, plus resources to learn about AI.
  • Small and mid-size businesses and manufacturers would benefit from analysis of open-source versus open-weight AI models, public-private research partnerships, and attention to supply chain and manufacturing challenges.
  • Congress and federal agencies would receive an interim report in 7 months and a final report in 13 months with 5- and 10-year employment and federal revenue estimates, and the Commission could set adoption metrics and request agency information, including classified materials.

*It would increase federal spending by about $5.3 million to operate the Commission.*

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Congressional AI economy study commission

This bill would create the Economy of the Future Commission in Congress to study how AI changes the economy. The Commission would have 12 voting members appointed by congressional leaders within 45 days and two bipartisan co-chairs (one House member and one Senator). It would hold hearings, issue subpoenas, and get information from agencies. The Commission would be exempt from the Federal Advisory Committee Act and from FOIA. An interim report would be due in 7 months with 5- and 10-year employment and federal revenue estimates. A final report would be due in 13 months with legislative recommendations on education, reskilling, unemployment insurance, taxation, and competitiveness. The Treasury would provide $5,250,000 until the Commission ends 120 days after the final report is submitted.

Sponsors & CoSponsors

Sponsor

Obernolte, Jay [R-CA-23]

CA • R

Cosponsors

  • Rep. Jacobs, Sara [D-CA-51]

    CA • D

    Sponsored 4/16/2026

  • Rep. Beyer, Donald S. [D-VA-8]

    VA • D

    Sponsored 4/28/2026

Roll Call Votes

No roll call votes available for this bill.

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