American A.I. Sovereign Wealth Fund Act

This bill creates the American A.I. Sovereign Wealth Fund by imposing an excise tax on large artificial intelligence companies, requiring them to transfer 50% of their equity to a new government trust. The legislation defines "applicable AI companies" as those with over $200 million in annual revenue from AI data centers, computing infrastructure, services, or advanced robotics. A newly established Independent Commission for Democratic AI would manage the fund's assets and use its voting rights to influence corporate governance, aiming to ensure the technology benefits the public. Additionally, the bill mandates that these companies undergo structural separation to operate solely in AI-related activities and prohibits the fund from using its resources to bail out any struggling firms.