The US Commerce Department would have more authority to protect domestic artificial intelligence technology from the supply chains of foreign adversaries in a bill introduced Tuesday by two Republican senators who have been at the center of cryptocurrency legislation this session of Congress: Tim Scott and Bill Hagerty.
The new bill would give the Commerce Department the ability to block “transactions involving technology designed, developed, manufactured, or supplied by persons owned, controlled, or directed by foreign adversary countries.” But the two Republicans are pushing him as this session of Congress approaches summer recess and midterm elections, leaving him little chance to advance unless he later latches on to a must-have bill.
“Americans should not have to worry that China or Russia could use the technology in our cars, phones or networks against us,” said Scott, chairman of the Senate Banking Committee, who worked with Hagerty to pass last year’s Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.
