S. 4046 establishes a bipartisan Economy of the Future Commission tasked with studying how artificial intelligence adoption will disrupt the economy and developing policy recommendations to address those challenges. The 14-member commission will include 10 congressional appointees from both parties and leadership, plus four non-voting cabinet deputies from Education, Labor, Commerce, and Treasury, operating under two co-chairs (one from each party and chamber) and holding its first meeting within 60 days. The commission will examine AI's impact across workforce development, education, federal operations, manufacturing, transportation, energy, and robotics, producing an interim report within 7 months on employment and revenue effects and a final report within 13 months with legislative recommendations on education, worker training, unemployment insurance, and taxation policy. The commission will be staffed with a director and experts at senior executive pay levels, with commission members compensated at Executive Level IV rates (except sitting members of Congress and federal employees), and will dissolve 120 days after submitting its final report. Congress has appropriated $5.25 million to fund the commission's operations.
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