News Summary

• A bipartisan pair of u.s. House lawmakers released draft legislation on Thursday.
• The bill would prohibit states from regulating the development of artificial intelligence models.
• The Information Technology Industry Council, which represents major tech firms, praised the bill.
• Public Citizen, a consumer advocacy group, criticized the bill, saying it would leave “oversight largely to a federal government that has repeatedly failed to pass meaningful AI protections” The AI industry has been a powerful profit driver for the tech sector in recent years.