Economy of the Future Commission Act of 2026
Sponsored By: Representative Obernolte
Introduced
Summary
Creates an Economy of the Future Commission to build bipartisan legislative recommendations on how artificial intelligence will reshape jobs, federal revenue, education, and competitiveness. The commission would sit in the legislative branch and gather cross‑industry evidence and expert advice.
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- Workers and families: Would analyze employment shifts by industry with 5‑ and 10‑year forecasts and recommend AI education, reskilling, and unemployment insurance adjustments.
- Policymakers and federal agencies: Would deliver interim and final reports to relevant congressional committees and the Secretaries of Treasury, Commerce, Labor, and Education, including projected federal revenue changes and policy recommendations; those Secretaries must provide independent assessments.
- Public, educators, and workforce programs: Would create public educational resources and propose workforce development and competitiveness policies focused on key industries like technology and manufacturing.
*Would authorize $5.3 million in federal funding for the Commission, available until termination, increasing federal outlays by that amount.*
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Bill Overview
Analyzed Economic Effects
5 provisions identified: 3 benefits, 1 costs, 1 mixed.
Commission pay, staffing, and contracts
If enacted, the bill would let Commission members receive limited per-day pay up to the daily equivalent of Executive Schedule level IV, while Members of Congress and federal officers get no extra pay. The co-chairs could hire a staff director and staff with pay capped at the level V equivalent. The Commission could hire outside experts at set daily rates and enter contracts only if Congress provides money in appropriations.
New congressional AI economy commission
If enacted, the bill would create an Economy of the Future Commission in the legislative branch to study how AI affects jobs, taxes, and competitiveness. Congressional leaders would appoint 12 members within 45 days. Two bipartisan co-chairs would lead (one Senator and one House Member). The Commission would get $5,250,000 and would end 120 days after it files its final report.
Reports on jobs, taxes, and skills
If enacted, the bill would require an interim report within 7 months and a final report within 13 months. The interim report would estimate employment changes from AI after 5 and 10 years by 6-digit NAICS and give federal revenue estimates for tax years beginning 5 and 10 years after enactment, and list free public AI resources. The final report would include legislative recommendations on AI education, reskilling, unemployment insurance, tax policy, and competitiveness and be sent to Congress and four Cabinet Secretaries, who must each send an assessment to Congress within 60 days.
Limits on public access and transparency
If enacted, the bill would make the Federal Advisory Committee Act and the Freedom of Information Act not apply to the Commission's activities and records. That would reduce standard advisory-committee rules and limit public access to the Commission's proceedings and documents.
Commission subpoenas and information powers
If enacted, the bill would let the Commission request information from federal agencies, hold hearings, take testimony, receive evidence, and administer oaths. The co-chairs could issue subpoenas for witnesses and documents. If someone fails to comply with a subpoena or refuses to testify, they would be subject to the penalties and procedures in 2 U.S.C. 192–194.
Sponsors & CoSponsors
Sponsor
Obernolte
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.
View on Congress.gov