House Democrats have officially introduced a resolution saying Congress should let failing AI companies go bankrupt instead of bailing them out if the AI bubble bursts.

It also calls for executives who took reckless risks to be held accountable under civil and criminal law.

So the position has two parts: no rescue for the companies, and legal consequences for the people who ran them. It is a resolution, not a bill, so it sets a position rather than law.

The bailout debate is starting before the bust.