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H.Res. 1642 (119th Congress)Committee
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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.

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Summary

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This nonbinding resolution expresses the sense of the House that Congress should refuse to provide additional funds or special regulatory assistance to AI-related companies or financial institutions facing insolvency due to AI market stress. It opposes federal bailouts, emergency lending, and debt guarantees for such firms, and affirms that they should instead resolve through ordinary bankruptcy and orderly resolution processes. It also supports federal stimulus, worker and consumer assistance, pension protections, and accountability measures for executives found to have acted unlawfully or with excessive risk.

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