FOR IMMEDIATE RELEASE: June 11, 2026
CONTACT: Jarice Thompson, jarice@ourfinancialsecurity.org
AFR Endorses the Al Bubble Transparency Act
“The breakneck growth of the AI industry is largely being financed in the shadows, where private Wall Street funds can engage in self-dealing, take on excessive leverage, and fuel dangerous levels of financial interconnectedness – all while keeping the details of those activities hidden from the public and from regulators,” said Maya Jenkins, a senior policy analyst at Americans for Financial Reform. “The AI Bubble Transparency Act would bring the details of these risky activities out of the shadows, providing policymakers in Congress and across the financial regulatory agencies with the information they need to identify and mitigate threats that the growing AI bubble poses to financial stability. As Wall Street firms continue to make risky bets on AI with working families’ savings, lawmakers’ ability to monitor financial institutions’ exposure to AI will be foundational to the fight to protect workers’ livelihoods and financial stability from AI-related threats.”
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