Congress has seen multiple bipartisan AI safety proposals introduced in 2026, including the FRONTIER Act, AI Incident Reporting Act, and AI Systems Transparency Act, yet none have advanced to enactment amid objections, committee delays, and competing priorities. Key bills stalled in the Senate after unanimous consent requests failed, while industry-drafted frameworks emphasize narrow triggers and preemption of state rules. Recent activity centers on state-level measures in New York, California, and elsewhere, alongside executive task forces and a U.S.-China incident-reporting channel rather than binding federal statute. With roughly two months remaining before 2027 and no scheduled floor action on comprehensive legislation, traders price in low odds of passage.