We have received text from H.R. 10981: American AI Security Act. This bill was received on 2026-11-10, and currently has 1 cosponsor.
Here is a short summary of the bill:
This bill would require the Department of Commerce, working with the Department of Defense and several other federal agencies, to write rules for a special category of advanced AI systems called covered foundation models . These are broad-purpose AI models that meet certain size and capability thresholds, especially if they could create serious cybersecurity risks or help people develop chemical, biological, or radiological weapons.
What the government would have to do
Within 6 months of enactment, Commerce would have to issue regulations that:
- Define which AI foundation models are covered, including setting a minimum parameter threshold.
- Identify the types of capabilities that make a model especially risky, such as helping with cyberattacks or weapons development.
- Define what counts as a “substantial modification” of a covered model.
- Require developers to give the National Security Agency full access to the model and related information before initial deployment and before deploying a substantially modified version.
What AI developers would have to provide
Developers of covered models would need to provide information on:
- How the model was trained.
- What safety tests were performed and the results.
- How the developer plans to deploy the model.
- Who will be allowed to access the model.
Review before deployment
The bill would generally prohibit deployment of a covered model unless one of two things happens:
- The National Security Agency completes its review, provides recommendations, and the developer carries out those recommendations; or
- The agency fails to complete the review within the required time period.
After receiving access, the NSA would have 30 days to evaluate whether the model could:
- Help carry out or support a cybersecurity threat.
- Help find or exploit vulnerabilities in information systems.
- Help someone evade or bypass cybersecurity defenses.
- Provide information about making chemical, biological, or radiological weapons.
- Help plan or carry out the release of such weapons.
The NSA would then issue an unclassified report with a summary of the findings and recommendations, and it could include a classified annex. The evaluation could be extended by 30 days if needed.
Enforcement and appeals
The Secretary of Commerce could impose civil penalties of $500,000 per day for failing to provide required access or for violating the deployment restrictions.
The bill would also create a new Article I court, the Artificial Intelligence Security Review Court , to hear appeals from developers about the NSA’s recommendations. That court would review whether the recommendations were properly made and limited to the risks the law covers, but it would not review the agency’s classified methods and tools. The bill sets deadlines for filing briefs and for the court to issue decisions.
Other provisions
The bill would require Commerce to review and update the regulations after 2 years and then annually. It would also require a report to Congress within 18 months after the rules are issued, covering the regulation, how effective the evaluations have been, and any suggested legislative changes.
The bill would preempt state and local laws that impose transparency, disclosure, or reporting requirements on developers of covered foundation models regarding safety protocols, safety and security frameworks, capability evaluations, risk assessments, or rules issued under this section.
Relevant Companies
- None found
Representative Josh Gottheimer Bill Proposals
Here are some bills which have recently been proposed by Representative Josh Gottheimer:
- H.R.10981: American AI Security Act
- H.R.10928: Farmer Recovery Opportunity and Support for Temperatures Relief Act
- H.R.10927: Ballot Box Protection Act
- H.R.10926: Election Worker and Polling Place Protection Act
- H.R.10872: Combatting Auto Robbery at the Source Act of 2026
- H.R.10821: To amend the Federal Deposit Insurance Act to make changes to the Standard Maximum Deposit Insurance Amount, and for other purposes.
You can track bills proposed by Representative Josh Gottheimer on Quiver Quantitative's politician page for Gottheimer.
Representative Josh Gottheimer Net Worth
Quiver Quantitative estimates that Representative Josh Gottheimer is worth $39.7M, as of November 12th, 2026. This is the 35th highest net worth in Congress, per our live estimates.
Gottheimer has approximately $29.8M invested in publicly traded assets which Quiver is able to track live.
You can track Representative Josh Gottheimer's net worth on Quiver Quantitative's politician page for Gottheimer.
Representative Josh Gottheimer Stock Trading
We have data on up to $573.4M of trades from Representative Josh Gottheimer, which we parsed from STOCK Act filings. Some of the largest trades include:
- A February 14th, 2025 sale of up to $5M of $MSFT. The stock has risen 27.59% since then.
- A May 18th, 2020 sale of up to $100K of $AMZN. The stock has risen 119.41% since then.
- A April 19th, 2022 purchase of up to $50K of $AAPL. The stock has risen 112.44% since then.
- A June 14th, 2022 sale of up to $50K of $SBUX. The stock has risen 51.97% since then.
- A January 24th, 2018 purchase of up to $50K of $SLB. The stock has fallen 34.82% since then.
You can track Representative Josh Gottheimer's stock trading on Quiver Quantitative's politician page for Gottheimer.
2026 New Jersey's 5th Congressional District Election
There has been approximately $7,359,984 of spending in New Jersey's 5th congressional district elections over the last two years, per our estimates.
Approximately $520,390 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- PROTECT PROGRESS ($512,385)
- RNJ 2 SAVE AMERICA T/A RNJ 2 SA ($8,005)
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 New Jersey's 5th congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
