This bill creates the "Economy of the Future Commission," a temporary, bipartisan commission in Congress. The Commission will have 12 appointed members plus four nonvoting Deputy Secretaries (Education, Labor, Commerce, Treasury). Two co-chairs (one Democrat, one Republican; one Representative, one Senator) will lead it. The Commission must start meeting soon after it is created and must produce an interim report within 7 months and a final report within 13 months. The work ends 120 days after the final report.
The Commission’s job is to develop consensus legislative recommendations about economic changes from the adoption of artificial intelligence (AI). It will study AI effects on government data and research, workforce programs, K–12 and higher education, social safety net programs, taxation, and industry competitiveness. The Commission can hold hearings, issue subpoenas, require information from federal agencies (including classified material under rules), form panels, hire staff and experts, and enter contracts if funded. It is exempt from the Federal Advisory Committee Act and the Freedom of Information Act.
Key topics listed in the bill include standards and metrics for AI adoption, education and retraining needs, the role of open-source and open-weight AI models for small businesses, a possible national AI research investment strategy, public-private research partnerships, manufacturing and supply chain issues for AI-driven technologies, cloud-based research labs, autonomous vehicle safety rules, energy and data center demands, and use of AI-enabled robotics.
The Commission will study how AI might change jobs, education, taxes, and industries and will publish public reports with estimates and recommendations. It does not itself change laws. Its findings could lead to future legislation that affects workers, students, businesses, and taxpayers. The Commission may interview people, require federal agencies to share information, and hold public hearings during its work.
The bill appropriates $5,250,000 to run the Commission until it ends. Commission members may be paid up to the daily equivalent of Executive Schedule level IV when doing Commission work (but current federal employees and Members of Congress receive no extra pay). Staff pay is capped at the equivalent of level V of the Executive Schedule. Travel expenses follow existing rules for intermittent government service. The Commission may accept non-monetary gifts and donations of services or property but may not accept money gifts.
The bill states supporters want a bipartisan, expert group to produce consensus legislative recommendations that address economic changes from AI. Supporters expect the Commission to provide estimates of job and revenue changes, suggest education and reskilling steps, and recommend tax and unemployment insurance responses to help maintain competitiveness in key industries.
No publicly available information.