House progressives file a resolution against bailing out AI companies
Representatives Greg Casar and Maxine Waters introduced a this week asking Congress to refuse "any additional funds or exceptional regulatory support" to AI companies or banks that become insolvent from AI market stress, and to send any failures through ordinary bankruptcy. It says executives responsible for excessive risk-taking should be held accountable under civil and criminal law.
The seven-page text cites Anthropic's , including $16.3 billion of first-half revenue and $80.7 billion of first-half losses, and names Broadcom, Google, Amazon, Nvidia and Microsoft among its largest creditors. It has no force. Waters is in line to chair the Financial Services Committee if Democrats win the House next week, and Casar wants a floor vote early in the next Congress. SourcesB
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This story ran in the Morning Brief of October 29th 2026.