Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Macro

Senate Strikes Down Provision Limiting State AI Regulation in Trump Tax Bill

by Team Lumida
July 1, 2025
in Macro
Reading Time: 5 mins read
A A
0
China’s AI Startups Challenge Global Leaders Amid U.S. Trade Curbs

"Artificial Intelligence 2017 San Francisco" by O'Reilly Conferences is licensed under CC BY-NC 2.0

Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways:

Powered by lumidawealth.com

  1. Provision Removed: The Senate voted 99-1 to remove a controversial provision from President Trump’s tax bill that would have barred states from regulating artificial intelligence (AI) if they received federal broadband funding.
  2. Blackburn’s Opposition: Tennessee Senator Marsha Blackburn led the effort to nix the provision, citing concerns over its impact on her state’s ELVIS Act, which protects musicians from unauthorized AI voice mimicry.
  3. Tech Industry Setback: The measure was strongly supported by major tech companies like Microsoft and Meta, as well as venture capital firms like Andreessen Horowitz, which argued the provision was critical for national security and innovation.
  4. State-Level AI Laws: States have enacted numerous laws addressing AI risks, including deepfakes, copyright violations, and algorithmic discrimination, while Congress has yet to pass comprehensive federal AI regulations.
  5. Future Push Expected: Despite the Senate’s decision, the tech industry is expected to continue lobbying for federal measures to limit state-level AI legislation.

What Happened?

The Senate removed a provision from Trump’s tax bill that sought to prevent states from enacting AI regulations if they received funding from a $500 million broadband program*. The provision, backed by the Trump administration and Silicon Valley allies, faced overwhelming opposition after a compromise effort between Senators Ted Cruz and Marsha Blackburn collapsed.

Blackburn argued that the measure would undermine state laws like Tennessee’s ELVIS Act, which protects musicians from AI-generated voice mimicry. Her insistence on a roll call vote led to the provision’s removal, despite frustration from Cruz and other supporters.

The provision was a top priority for tech giants and venture capitalists, who viewed it as essential for fostering innovation and maintaining a unified regulatory framework. However, critics argued it would strip states of their ability to address AI-related risks.


Why It Matters?

The Senate’s decision highlights the growing tension between state and federal authority over AI regulation. While the tech industry advocates for a uniform federal approach, states are taking the lead in addressing emerging AI risks, such as deepfakes and algorithmic bias.

The removal of the provision is a setback for tech companies seeking to limit state-level oversight, but it underscores the importance of balancing innovation with consumer protection. The debate also reflects broader concerns about the lack of comprehensive federal AI regulations, leaving states to fill the gap.

For the tech industry, the decision signals the need to refine its approach to lobbying for federal AI policies, particularly as public and legislative scrutiny of AI technologies intensifies.


What’s Next?

The tech industry is expected to continue pushing for federal measures to preempt state AI regulations, likely as part of future tech policy initiatives. Meanwhile, states will proceed with enacting laws to address AI risks, potentially creating a patchwork of regulations that could complicate compliance for companies.

Congress may face increasing pressure to pass sweeping AI legislation to establish a unified regulatory framework, balancing innovation with safeguards against misuse. Analysts will monitor how the tech industry adapts its strategy and whether bipartisan support for federal AI regulation emerges.

Source
Previous Post

High Costs and Complexity Drive Americans to Rethink Their Love Affair with Cars

Next Post

US Job Openings Surge to 7.77 Million in May, Led by Hospitality Sector

Recommended For You

Army’s New Drone Battalion in Europe Being Phased Out as Hegseth’s Pick Rewrites Pentagon’s Future-War Strategy

by Team Lumida
2 days ago
turned-on drone

Gen. Christopher LaNeve, the Army's new chief installed by Defense Secretary Pete Hegseth, is moving to dissolve a cutting-edge drone and ground-robot battalion established in Europe just months...

Read more

U.S. National Debt Tops $40 Trillion for the First Time — and Debt-to-GDP Is Approaching World War II Levels

by Team Lumida
2 days ago
people holding us a flag during daytime

Total U.S. public debt outstanding crossed $40 trillion on Tuesday, the Treasury Department confirmed Wednesday, as debt relative to GDP approaches levels last seen during World War II...

Read more

The Dollar Is Becoming the Biggest Loser From Bessent’s Bond Buybacks, Strategists Warn

by Team Lumida
2 days ago
Dollar’s Decline: What Traders Need to Know About Fed Rate Cuts

Treasury Secretary Bessent's decision to dramatically expand bond buybacks may be suppressing long-end yields, but currency strategists say the dollar is paying the price — falling to a...

Read more

Trump Pauses 50% Tariff on Certain Canadian Goods for 3 Days, Declaring “We Have a Deal”

by Team Lumida
3 days ago
US Proposes 10–12.5% Tariffs on Nearly All Trading Partners Over Forced Labor

President Trump announced a three-day pause on 50% tariffs targeting roughly 5% of Canadian exports to the U.S., saying the two countries have reached a deal "subject to...

Read more

Iran Fires Ballistic Missiles at Hormuz Shipping as U.S. Holds Back — and Arab Allies Grow Frustrated

by Team Lumida
3 days ago
US and Iran Trade Heaviest Fire in Months — Ballistic Missiles, Kuwait Airport Hit as Ceasefire Frays

Iran fired two ballistic missiles toward the Strait of Hormuz on Tuesday, triggering UAE air defenses, as the Trump administration continues to absorb Iranian provocations through economic pressure...

Read more

China Orders Early Removal of Microsoft Windows From State Agencies Over Data Security Concerns, Boosting Domestic Software Stocks

by Team Lumida
4 days ago
China’s Bold Economic Moves: What You Need to Know Now

China's Ministry of State Security has directed state-linked entities to uninstall customized Windows 10 software months ahead of schedule, citing data security concerns — a move that sent...

Read more

Citadel Securities: Spiking Bond Yields Reflect Fed Policy Risk — and AI Investment Case Is Shifting to Cloud, Away From Frontier Models

by Team Lumida
4 days ago
Ken Griffin Warns Trump-Era Political вмешening Is Distorting Corporate Decision-Making

Citadel Securities says long-dated Treasury yields at near two-decade highs — with the 30-year topping 5.28% — reflect a market belief that policymakers take the easy route on...

Read more

Dollar Hits Three-Month Low as Soft Jobs, Inflation, and Retail Data Slash Fed Hike Odds to One-in-Three

by Team Lumida
5 days ago
Why Ignoring the U.S. Budget Gap Could Cost You Big

The Bloomberg Dollar Spot Index fell to its lowest since May after soft July employment, inflation, and retail sales data drove traders to cut the probability of a...

Read more

Trump Orders Navy to Rip Out Electromagnetic Catapults and Reinstall Steam — A Multibillion-Dollar Reversal the Navy Has Fought for Years

by Team Lumida
1 week ago
Supreme Court Signals It Will Strike Down Trump’s Birthright Citizenship Order

Trump signed a national security memorandum mandating the Navy remove EMALS from Ford-class carriers and return to steam catapults, a multibillion-dollar reversal the service has long opposed.

Read more

USS George Washington Heads to Middle East as Abraham Lincoln’s 9-Month Deployment Pushes Crew to the Limit

by Team Lumida
1 week ago
US and Iran Trade Heaviest Fire in Months — Ballistic Missiles, Kuwait Airport Hit as Ceasefire Frays

The USS George Washington is being dispatched to relieve the USS Abraham Lincoln, whose grueling 9-month-plus deployment has strained crew conditions and drawn concern from lawmakers.

Read more
Next Post
US Job Openings Surge to 7.77 Million in May, Led by Hospitality Sector

US Job Openings Surge to 7.77 Million in May, Led by Hospitality Sector

Will September’s Fed Rate Cuts Surprise Investors? Here’s What Deutsche Bank Predicts

Powell Says Fed Would Have Cut Rates Further If Not for Trump’s Tariffs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Warner Bros. Sale Drama Reignites as Paramount Pushes for Round Two

Warner Bros. Sale Drama Reignites as Paramount Pushes for Round Two

February 16, 2026
Why Alibaba’s $2.8 Billion AI Investment Could Shake Up the Market

Why Alibaba’s $2.8 Billion AI Investment Could Shake Up the Market

July 25, 2024
China’s Bold Economic Moves: What You Need to Know Now

China Pushes Trump to Ease Security Curbs in Exchange for Investment

October 4, 2025

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto data centers Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Intel Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018