- United States
- Mich.
- Letter
I am writing to demand urgent legislative action and regulatory oversight to protect the hard-earned pensions, 401ks, and savings accounts of everyday Americans from being used to bankroll the speculative AI data center boom.
Currently, technology developers and financial institutions are quietly funneling billions of dollars of data center infrastructure debt into widely held retail bond funds and public retirement portfolios. This moves the financial risk of the massive tech buildout away from Silicon Valley balance sheets and directly onto the backs of ordinary citizens, often without their knowledge or consent. If the revenue generated by these data centers fails to meet expectations, our retirement security will bear the brunt of the fallout.
Furthermore, these massive data centers are straining our local energy grids, driving up residential utility bills, and diverting resources away from local community infrastructure. American citizens should not have their life savings risked, nor their local utility costs inflated, to fund private corporate infrastructure.
I urge you to support legislation that:
1 Mandates Strict Transparency: Require clear, explicit disclosures whenever retail bond funds, 401ks, or public pensions are exposed to off-balance-sheet data center debt or special purpose vehicles (SPVs) tied to tech infrastructure.
2 Imposes Fiduciary Guardrails: Restrict institutional fund managers from exposing conservative, "low-risk" retirement portfolios to highly speculative, capital-intensive tech infrastructure loans.
3 Enforces Corporate Accountability: Ensure tech companies and developers remain fully liable for their own infrastructure financing, preventing the nationalization of tech debt onto the American public.
Our retirement savings are meant to secure our future, not to serve as a blank check for Big Tech's infrastructure experiments. I expect you to take a firm stand on this issue to protect your constituents' financial security.