# 119-s-4743: AI Bubble Transparency Act

119-s-4743, AI Bubble Transparency Act, is a 119th Congress bill sponsored by Sen. Warren, Elizabeth [D-MA] (D-MA); status introduced; PRIA reads it as touching household money (as of 2026-07-04).

- Canonical: https://policyrisk.com/legislation/119-s-4743
- As of: 2026-07-04
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4743
- Congress: 119
- Title: AI Bubble Transparency Act
- Status: introduced
- Introduced: 2026-06-10
- Sponsor: Sen. Warren, Elizabeth [D-MA] (D-MA)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-04

## Summary

**Requires a new federal data collection on the financing of artificial intelligence to identify and limit systemic financial risk.** The bill would let the Office of Financial Research order firms to report detailed debt and equity exposure tied to AI hardware, data centers, model developers, and other infrastructure. - Financial firms would have to report detailed credit and equity exposure data, such as instrument type, size, counterparty, interest rate, term, collateral, and firm financials like revenue, market cap, and total debt. - Small institutions could be exempt: banks with less than $10.0 billion in assets and firms with under $500.0 million in exposure may not have to report. - The Director could compel compliance under existing authority and data collection would be due within 180 days. Within 1 year the Financial Stability Oversight Council would publish a public report on AI-related exposures and issue policy recommendations, and the Director would submit unredacted data to congressional committee leaders.

## Cosponsors (1)

- Sen. Blumenthal, Richard [D-CT] (D-CT), 2026-06-10T00:00:00.000Z

## Provisions PRIA read

- New AI finance reporting for firms: mixed, high. This bill would require the Office of Financial Research Director to order financial firms to submit system-wide data. The data would cover their debt and equity exposures tied to companies that support artificial intelligence. Required fields would include instrument type, size, issuer, interest r…

## Related bills

- 119-s-5071: Children's Safe Welcome Act of 2026
- 119-s-2819: Head Start for America's Children Act
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act
- 119-s-2763: Keep Billionaires Out of Social Security Act

## Sources
- [119-s-4743 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4743)

## Related
- [119-s-5071: Children's Safe Welcome Act of 2026](https://policyrisk.com/legislation/119-s-5071)
- [119-s-2819: Head Start for America's Children Act](https://policyrisk.com/legislation/119-s-2819)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [119-s-2763: Keep Billionaires Out of Social Security Act](https://policyrisk.com/legislation/119-s-2763)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4743 (as of 2026-07-04).