Trump Pushes For ‘One Rule’ To Govern AI – Says Will Issue Executive Order This Week

• In a post on Truth Social, the President stated that if the U.S. were to continue to lead in the AI sector, it needs to have only one rulebook to craft regulation.
• In November, too, President Trump warned that not having a federal AI regulation would result in China catching up to the U.S. in the AI race.
• White House National Economic Council Director Kevin Hassett on Monday stated in a CNBC interview that he had seen a draft of the executive order that President Trump referred to in his post.

President Donald Trump on Monday announced that he will issue a “One Rule” executive order on artificial intelligence this week.

In a post on Truth Social, the President stated that if the U.S. were to continue to lead in the AI sector, it would need only one rulebook to craft regulations.

“We are beating ALL COUNTRIES at this point in the race, but that won’t last long if we are going to have 50 States, many of them bad actors, involved in RULES and the APPROVAL PROCESS,” he said.

The President warned that AI will be destroyed in its infancy if each state had its own process for setting AI rules and approving applications from companies.

“You can’t expect a company to get 50 Approvals every time they want to do something. THAT WILL NEVER WORK!” he added.

What Trump Wants

President Trump’s post on Monday reiterated his previous call for a unified federal AI regulation rather than a patchwork of AI rules across the 50 states.

In November, too, President Trump warned that the lack of a federal AI regulation would allow China to catch up to the U.S. in the AI race.

The Trump administration’s previous efforts to ban all 50 states from regulating AI faced bipartisan fallout, resulting in 260 lawmakers calling out the provisions of the tax bill that would restrict AI regulation for a period of 10 years at the state level.

Hassett Says He’s Seen A Draft

White House National Economic Council Director Kevin Hassett on Monday stated in a CNBC interview that he had seen a draft of the executive order that President Trump referred to in his post.

“This executive order that he’s promised to come out is going to make it clear that there’s one set of rules for American companies in the U.S.,” said Hassett, adding that it has been a top priority for President Trump to make sure that the United States wins the AI race.

Meanwhile, U.S. equities declined in Monday morning’s trade. At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was down by 0.28%, the Invesco QQQ Trust ETF (QQQ) declined 0.27%, while the SPDR Dow Jones Industrial Average ETF Trust (DIA) fell 0.24%. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘bearish’ territory.

Also See: S&P 500, Gold At Risk Of Being In A Bubble After Flashing 'Explosive’ Price Patterns For First Time In Five Decades, Says BIS

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