The AI Bubble Transparency Act requires the Office of Financial Research to order all major financial companies to report their exposure to debt and equity investments in artificial intelligence companies, including chip makers, data centers, and AI developers. Financial institutions must disclose details about their AI-related investments such as loan amounts, interest rates, collateral, and company financial information, though smaller banks with less than $10 billion in assets can be exempted. Within one year of the bill's enactment, federal financial regulators must issue a public report analyzing the size and interconnectedness of the financial system's AI sector exposure and whether a significant decline in AI valuations could threaten overall financial stability. The Financial Stability Oversight Council will also provide recommendations to regulatory agencies and Congress on how to reduce financial risks related to AI financing. The unredacted data collected from financial institutions will be submitted to Congress's banking and financial services committees within the same one-year timeframe.