WHAT THE LAW DOINCongress, in plain words

H.Res. 1642 · 119th Congress

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.

Introduced
IntroducedOct 29, 2026
Passed HouseNot yet

Where it stands

Introduced. Latest step, Oct 29, 2026: Referred to the Committee on Financial Services and the Committees on the Judiciary, and Education and Workforce.

What it does

Sourced

The Congressional Research Service hasn't published a summary of this bill yet. They usually follow within weeks of introduction.

Our plain-language breakdown, with what it means for you and the case for and against, is written once a bill starts to move.

What has happened

Sourced
  1. Oct 29, 2026Referred to the Committee on Financial Services and the Committees on the Judiciary, and Education and Workforce.House floor actions
  2. Oct 29, 2026Referred to the Committee on Financial Services and the Committees on the Judiciary, and Education and Workforce.House floor actions
  3. Oct 29, 2026Referred to the Committee on Financial Services and the Committees on the Judiciary, and Education and Workforce.House floor actions
  4. Oct 29, 2026Submitted in HouseLibrary of Congress
  5. Oct 29, 2026Submitted in HouseLibrary of Congress

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Cosponsors

  • André Carson D-IN-7
  • Danny K. Davis D-IL-7
  • Christopher R. Deluzio D-PA-17
  • Valerie P. Foushee D-NC-4
  • Jesús G. "Chuy" García D-IL-4
  • Pramila Jayapal D-WA-7
  • Analilia Mejia D-NJ-11
  • Delia C. Ramirez D-IL-3
  • Janice D. Schakowsky D-IL-9
  • Brad Sherman D-CA-32
  • Rashida Tlaib D-MI-12
  • Maxine Waters D-CA-43