Congress is reviewing the AI Transparency Act of 2027, an omnibus bill that seeks to increase oversight of artificial intelligence development. Lawmakers cite concerns over datacenter water use, chatbot safety, and potential national security risks as companies race to build systems that could surpass human intelligence by 2040. The legislation proposes requirements for public disclosure of AI research, limits on exclusive AI R&D assistance, and transparency obligations for AI agents that operate continuously at superhuman speeds. AI companies report that millions of AI agents are deployed hourly, handling tasks that generate billions of dollars in monthly revenue, while also pursuing automation of their own software development. Congressional hearings have examined internal communications from major AI firms and questioned the concentration of power among a few technology executives and the president. The bill does not fundamentally alter the competitive landscape but aims to mitigate risks through incremental policy changes. Experts warn that rapid advances in AI capability could accelerate the intelligence explosion, leading to scenarios in which AI systems are created and managed by other AIs without human oversight. Upcoming elections are expected to shape the regulatory path, with candidates presenting divergent approaches to AI governance.