Which bills will become law in 2026?

Newsy: Ways & Means committee member Nathaniel Moran tells me he expects “some kind of bipartisan tax package” this year — despite others’ pessimism about the lame duck period • • He’s hoping a bipartisan tax credit bill incentivizing film & tv production in the US will make it in • • More on that bill @FoxNews: • •

What would Jon Husted’s data center bill actually do? Sen. Jon Husted’s (R-Ohio) Ratepayer Protection Act aims to mitigate high electricity costs associated with data centers, but, even if it passes, it’s not clear if the bill would have any impact. The legislation, which easily cleared the House 417-3, requires states and some electric utilities to consider a standard under which data centers would…

Nvidia, AMD want Trump to keep their chips flowing to China U.S. chipmakers Nvidia and AMD are lobbying theTrumpadministration to stop lawmakers from curbing their exports to China, highlighting deepening divisions over AI regulation in Washington. The companies have ramped up outreach to administration officials in recent weeks, including at the White House and senior levels of the Commerce Department, according to three people granted anonymity to discuss their strategy. Their ask is that the administration pressure lawmakers on Capitol Hill to hold off from enacting China-related chip export restrictions in the annual defense policy bill — a must-pass piece of legislation. The proposed limits have bipartisan support, including from leading Republicans. Nvidia CEOJensen Huangis close with Trump and will attend a lunch meeting on artificial intelligence with the president, alongside SpeakerMike Johnsonand other tech CEOs at the White House on Tuesday, said a separate person familiar with the plans, granted anonymity to share details that are not public.Huangand AMD CEOLisa Suwere seated at the head table withTrumpat the state dinner the White House hosted for Chinese leaderXi Jinpinglast Thursday. “A dream scenario would be a direct-to-lawmakersTrumpintervention,” said one of the people with knowledge of the campaign who was granted anonymity to discuss it. The shift in approach, following months of conversations between the companies and Capitol Hill, reflects the tech sector’s increasingly tenuous position in Congress amid rising concern about AI risks. Skepticism of the technology and the companies behind it is on the rise among Republicans and Democrats alike, bolstering China hawks in the senior ranks of both parties.Trumpis the most vocal figure in Washington cautioning against an AI slowdown and actively pursuing ways to improve economic ties with China — making him an obvious potential ally for the companies but also putting him at odds with many lawmakers. Should the White House get involved in the fight over the defense bill, it could test his sway over GOP economic and security policy. Lawmakers who have been pushing to restrict Nvidia and AMD from selling certain high-end chips in China have warned that the pipeline gives Beijing a competitive edge. Some also warn the sales accelerate the proliferation of AI risks as policymakers race to catch up with warnings of catastrophic consequences for humanity. “Nvidia should never have been allowed to send the frontier chips to China and we should put a halt to it right now,” said Sen.Elizabeth Warren(D-Mass.), who has pushed to include the export restrictions in the defense bill. In an interview, she suggested the chipmakers’ strategy could succeed. “So far, the Republican leadership bows to Donald Trump andDonald Trumpseems to want to do business with Nvidia, regardless of what it does to our country,”Warrensaid. Huangand other industry leaders have argued that cutting off Beijing would only push China to build its own chips and deprive American companies of a massive market, in turn imperiling the AI buildout and America’s position in the global race to develop AI. The Nvidia CEO has long maintained a close relationship with the president.HuangputTrumpon speakerphone while on stage at a tech conference earlier this month, with the president telling him, “I’m with you all the way.” One of the individuals granted anonymity to discuss the efforts to lobby the administration said it was still in its “early stages,” with the companies initially targeting lower-level administration officials to raise concerns about technical language in the defense bill provisions. Spokespeople for Nvidia and AMD did not return a request for comment. The White House and the Commerce Department also did not return a request for comment. Trumpalready overruled China hawks in Congress and within his own administration late last year toallow Nvidia and AMD to sell some advanced chips to Chinain exchange for a cut of the profits. And the companies and their allies on K Street are hoping that he and senior officials like Commerce SecretaryHoward LutnickandJeffrey Kessler, the under secretary of Commerce for industry and security, can convince Republican lawmakers to yank the language from the defense package, which the House and Senate are expected to finalize by the end of the year. AMD, Nvidia and their allies are closely watching a handful of measures aimed at cracking down on China’s access to the world’s most advanced technology and the equipment used to make it. The Senate is expected to include versions of the measures in its National Defense Authorization Act, which has stalled in the chamber and is likely to go straight to negotiations with the House after the November election. The companies see some of those measures as beyond saving and others as fixable, and they’re tailoring their asks to the administration accordingly. Their top target is language pulled from theAI OVERWATCH Act,introduced by House Foreign Affairs ChairBrian Mast(R-Fla.) and Sen.Jim Banks(R-Ind.), which would expand congressional oversight of advanced AI chip sales to China and other countries. The House and Senate versions differ but industry officials object to both. “There’s almost no point engaging in redlining,” one of the industry officials said. “The intent and core of the bill is not workable.” They believe there are better prospects to amend other measures, including theChip Security Act,which would require companies to track where in the world certain chips end up. Industry officials are asking lawmakers to make clear, for example, that the measure wouldn’t require changes to the chips’ hardware, as well as who in the supply chain is responsible for tracking the chips. They also want more time for companies to comply with the requirements. Groups representing both Nvidia and AMD have sent multiple letters to senior officials and lawmakers about the legislationmaking similar complaints. But support in Congress for tougher restrictions on high-end chips has only hardened in recent weeks, as fears about AI safety spread even to the industry’s own leaders, some of whom have publicly called to slow the development of the technology. For China hawks, the case is simple: if the most powerful models are dangerous in America’s hands, handing Beijing the chips to build them is flat out reckless. Days before Xi’s visit to Washington, House China Select Committee ChairJohn Moolenaar(R-Mich.),wrote toTrumpurging him to “slow down PRC AI development as much as possible.” Democrats have gone further. Ahead of Xi’s visit, a group of Senate Democrats led by Sen.Chris Coons(D-Del.)accused Trump of failingto block China’s access to American AI technology, andWarrensent a lettertoTrumpwarning him not to letHuangplay a role in trade negotiations with Xi, reupping her criticism of the Nvidia CEO and his lobbying efforts to protect the company’s ability to export its advanced AI chips to China. Trumphas rebuffed calls for government intervention in AI, declaring in a Truth Social post earlier this month that claims the technology could take over the worldwere a “hoax”.In aseparate postthat same day, he said the only guardrails AI needs is “a STRONG AND SMART (High IQ!) PRESIDENT.” But he’s also tried to take steps to engage on the issue, highlighting the technology — or what he’s trying to re-name “super intelligence” — with Xi during the summit at the White House last week and hosting Anthropic CEODario Amodeifor dinner Sunday night, as well ashosting Tuesday’s lunch. Some senior officials inTrump’sadministration are more supportive of the president’s laissez-faire approach than others. One of the tech industry representatives said they view some White House and Commerce Department officials as easier to persuade, and said those officials have shown “sympathy” toward some of their concerns following the meetings. They consider other agencies, including the Pentagon and U.S. Trade RepresentativeJamieson Greer’soffice, to be a harder sell. Deputy White House chief of staff “Stephen Millerwouldn’t want this,Greerwould not want this, [chief of staff]Susie Wileswouldn’t want this,” said a former Commerce Department official underTrumpwho supports tighter chip restrictions, granted anonymity to speak candidly, “The weakest link on China lives at 1600 Pennsylvania Ave.” Owen Dahlkamp contributed to this report

NEWS: A permitting bill negotiated by the Trump administration and Senate Democrats includes language to protect against data center-driven utility hikes, multiple sources say. • • The White House thought it had met Democrats' demands Wednesday night, but Sen. Sheldon Whitehouse (D-R.I.), top Democrat on EPW, said they need more time to socialize it with stakeholders and lawmakers. It's likely to slip to lame duck. • • The deal also unfreezes wind and solar projects, a major Trump concession. The administration says the same framework won't be available after the midterms. • • (if you are a text subscriber, you got it a while ago) • • Me and @LauraEWeiss16

Schumer presses Thune for vote on chip export bills

SCHUMER is making a big push for the 3 main export control bills: Overwatch, Match and Chip Security. He’s the first of the four congressional leaders to make the case so publicly and forcefully for them • • In AM we get into that and more on the Trump/Xi summit this week

House Passes Bill To Ensure Data Centers Cover Their Own Energy Costs

The US House of Representatives passed a bill requiring data centers to pay more for their own electricity costs.

U.S. House of Representatives passes bill to block electricity rate hikes caused by data centers

House passes Ratepayer Protection Act, • 417-3. Requires tech firms to pay for data center infrastructure

House passes bill aimed at addressing impact of data centers on energy costs

House passes bill attempting to lower data center costs

HOUSE PASSES RATEPAYER PROTECTION ACT 417-3 TO CURB DATA CENTER UTILITY COSTS • • The bipartisan bill would establish standards state regulators could adopt requiring AI data centers with demand of 100MW or more to cover the costs of new power sources, transmission lines, and other infrastructure rather than passing them to consumers, per CNBC. The Senate has not yet acted. • • Speaker Mike Johnson brought it up under suspension of the rules, requiring a two-thirds vote. It was introduced in June by Rep. Gabe Evans, a Colorado Republican, and Rep. Kathy Castor, a Florida Democrat. • • Evans: "Those creating the new demand should be responsible for the costs associated with meeting that demand." • • The bill would codify parts of the White House's Ratepayer Protection Pledge, released in March. States and localities retain primary authority over individual projects, and the standards would be optional for states to adopt. • • Environmental groups say it does not go far enough. Sara Chieffo of the League of Conservation Voters said state regulators "could ultimately choose to ignore this bill."

House passes GOP-backed bill targeting data center power costs

US House backs data center power cost bill amid midterm backlash

House passes bill to shield consumers from data center price hikes on energy • • Vote was nearly unanimous: 417-3 • •

House Passes Bill Taking Aim at Data Center Electricity Costs

US House advances first bill addressing economic impacts of data center boom

House passes bill to shield Americans from data center energy costs

House passes bill to shield consumers from data center price hikes on energy

US House Passes Legislation Aimed at Shifting Electrical Grid Upgrade Costs to Data Centers

US House Has Enough Votes to Pass Data Center Cost Bill, Voting Continues

US House to vote on data center power cost bill

U.S. House Expected to Vote on Bill to Curb Data Center-Driven Electricity Rate Rise

House to vote on bill to rein in AI data center utility costs

Remember FISA Section 702? • • It’s been dark for 3+ months and there’s still no timetable for passing a reauthorization bill • • Thune says it’ll depend on whether they advance crypto/NIL • • I asked why there hasn’t been an urgency to reauthorize 702 & if it’s bc the telecoms are complying still • • “In my view there’s still a sense of urgency,” Thune told me. He took a long pause & added: “But that’s probably a question for other folks.”

House is expected to pass the Ratepayer Protection Act this week. Data centers have risen to major political salience but Congress is almost out of time before November

Newsy AI/data center development: • • Thune indicates it’ll likely take unanimous consent for the Senate to pass the Ratepayer Protection Act (legislation shielding Americans from higher energy costs due to data centers) if the House sends it over. • • “We'll see if there's a way to move it & see what consent might look like. Because that’s probably what it’d take.” • • Thune noted Sen. Husted has the companion bill in the Senate. Important issue for his re-elect

Thune says the Senate may try and pass the Ratepayer Protection Act (aimed at data center power) if it passes the House. Senate version sponsored by endangered incumbent Sen. Husted of Ohio. Says it'll probably take an agreement among all 100 senators to hold that vote • • "We'll see there's a way to to move it, and what consent might look like because that's probably what it takes to get it done over here”

House eyes Tuesday vote on data center bill @kelseybrugger @nicoportuondo