Representatives Greg Casar and Maxine Waters introduced a non-binding resolution on October 28, 2026, asking Congress to oppose public bailouts and exceptional regulatory support for AI companies facing insolvency. The proposal points struggling companies toward ordinary bankruptcy proceedings, which are intended to protect workers, consumers, pension holders and competition. It also calls for senior executives responsible for excessive risk-taking to be held accountable. Waters highlighted the growing debt being taken on by major technology companies and Wall Street to finance the AI build-out. Polling indicates that more than two-thirds of Americans would prefer ordinary bankruptcy over government assistance if the AI market collapses.
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