ChainCatcher report: James Comer, Chairman of the U.S. House Oversight Committee (Republican from Kentucky), has launched an investigation into Delaware’s proposed establishment of a corporate entity operated daily by AI agents. In a letter to Delaware Governor Matt Meyer, Comer expressed concern that the proposed “Artificial Intelligence Company” (AIC) could shield AI companies and their investors from liability for damages caused by AI agents, and demanded that the governor submit all related documents and communications—including “internal AI chat logs”—by November 9. The proposal was jointly announced in July by Delaware Secretary of State Charuni Patibanda-Sanchez and John Nay, CEO of legal AI firm Norm Ai, in a co-authored article with Fortune, framed as a public-private partnership led by Norm Ai. Designed to operate under AI agent instructions, the AIC would have the capacity to sue and be sued, hold property, and assume obligations; its sole member would be responsible for maintaining adequate capital and would not be liable for corporate debts except in cases of undercapitalization, fraud, or intentional misconduct. The AIC would be restricted to operating within a 30-month regulatory sandbox, required to disclose its identity to counterparties, and prohibited from engaging in banking activities. Comer also questioned the role of private-sector participants in the proposal, noting that Delaware’s AI Council’s December 2025 report did not mention security risk assessments or consultations with independent experts, and that the Secretary of State’s office declined to clarify its collaboration with the participating AI company to journalists. He stated that this information could inform federal legislation, including proposals to limit state-level AI regulatory initiatives. The Secretary of State has denied that the plan constitutes a liability exemption arrangement, and Governor Meyer has defended it; state legislators are expected to review the draft legislation in January.
U.S. House Oversight Committee Investigates Delaware’s AI-Operated Company Proposal
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Summary
U.S. House Oversight Committee Chair James Comer has launched an inquiry into Delaware’s proposal for AI-operated companies, citing potential liability risks under MiCA (EU Markets in Crypto-Assets Regulation). Comer requested documents and chat logs by November 9, as the state seeks to establish entities capable of entering contracts and holding assets through AI agents. The plan, supported by Norm Ai, includes a 30-month regulatory sandbox and excludes banking activities. Delaware’s leadership defended the model, highlighting transparency, liquidity, and the stabilization of crypto markets. State lawmakers plan to review draft legislation in early 2025.
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