The House Energy and Commerce Committee has proposed a $500 million allocation for federal IT modernization and artificial intelligence in the 2025 budget. This funding aims to help the Commerce Department update legacy systems and implement AI capabilities through 2035. A significant aspect of the bill is a moratorium on state laws regulating AI for the next ten years, addressing concerns over fragmented regulations. Experts argue this pause will bolster American AI innovation against international competition, especially considering past executive actions surrounding AI oversight.
The House Energy and Commerce Committee's 2025 budget reconciliation bill allocates $500 million for IT modernization and AI efforts, crucial as states grapple with regulations.
A moratorium on regulating AI for the next decade allows U.S. innovators the freedom to develop in a market without burdensome state regulations, according to experts.
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