# 119-hres-1642: Expressing the sense of the House of Representatives that Congress must refuse to provide any additional funds or exceptional regulatory support to companies or financial institutions facing insolvency or financial collapse due to exposures to acute stress within the artificial intelligence market and must provide support to all harmed Americans instead.

119-hres-1642, Expressing the sense of the House of Representatives that Congress must refuse to provide any additional funds or exceptional regulatory support to companies or financial institutions facing insolvency or financial collapse due to exposures to acute stress within the artificial intelligence market and must provide support to all harmed Americans instead., is a 119th Congress bill sponsored by Rep. Casar, Greg [D-TX-35] (D-TX); status introduced (as of 2026-10-31).

- Canonical: https://policyrisk.com/legislation/119-hres-1642
- As of: 2026-10-31
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hres-1642
- Congress: 119
- Title: Expressing the sense of the House of Representatives that Congress must refuse to provide any additional funds or exceptional regulatory support to companies or financial institutions facing insolvency or financial collapse due to exposures to acute stress within the artificial intelligence market and must provide support to all harmed Americans instead.
- Status: introduced
- Introduced: 2026-10-29
- Sponsor: Rep. Casar, Greg [D-TX-35] (D-TX)
- Cosponsors: 12
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2026-10-31

## Summary

**Reject federal bailouts for insolvent AI-related firms.** This resolution would oppose special government rescue tools for failing AI companies and instead call for ordinary bankruptcy, executive accountability, and targeted support for workers and communities. - Workers and families: Would back federal stimulus to replace lost demand and fund unemployment, nutrition, and rental and housing assistance for people hit by AI-driven failures. - Pensioners and savers: Would press for protections for pension and retirement fund holders and targeted aid for current and near retirees facing losses. - Executives: Would demand civil and criminal accountability for senior executives and require penalties plus return of ill-gotten gains, including luxury assets purchased with those gains. - Market structure and firms: Would direct insolvent AI firms to wind down or reorganize through ordinary bankruptcy and push policies to limit concentration and promote competition. - Federal rescue tools: Expressly opposes emergency lending, Exchange Stabilization Fund actions, direct capital infusions, debt guarantees, or similar government measures to bail out AI-related firms.

## Cosponsors (12)

- Rep. Waters, Maxine [D-CA-43] (D-CA), 2026-10-29T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2026-10-29T00:00:00.000Z
- Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL), 2026-10-29T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2026-10-29T00:00:00.000Z
- Rep. Ramirez, Delia C. [D-IL-3] (D-IL), 2026-10-29T00:00:00.000Z
- Rep. Carson, André [D-IN-7] (D-IN), 2026-10-29T00:00:00.000Z
- Rep. Davis, Danny K. [D-IL-7] (D-IL), 2026-10-29T00:00:00.000Z
- Rep. Deluzio, Christopher R. [D-PA-17] (D-PA), 2026-10-29T00:00:00.000Z
- Rep. Sherman, Brad [D-CA-32] (D-CA), 2026-10-29T00:00:00.000Z
- Rep. Foushee, Valerie P. [D-NC-4] (D-NC), 2026-10-29T00:00:00.000Z
- Rep. Jayapal, Pramila [D-WA-7] (D-WA), 2026-10-29T00:00:00.000Z
- Rep. Mejia, Analilia [D-NJ-11] (D-NJ), 2026-10-29T00:00:00.000Z

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-3069: Medicare for All Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-7973: Momnibus Act
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025

## Sources
- [119-hres-1642 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-resolution/1642)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-3069: Medicare for All Act](https://policyrisk.com/legislation/119-hr-3069)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hres-1642 (as of 2026-10-31).