TLDR Representative Brian Mast introduces the “AI Overwatch Act” to review AI chip exports to China. The bill grants the House and Senate 30 days to block licensesTLDR Representative Brian Mast introduces the “AI Overwatch Act” to review AI chip exports to China. The bill grants the House and Senate 30 days to block licenses

House Foreign Affairs Committee Set for Vote on AI Export Control Bill

TLDR

  • Representative Brian Mast introduces the “AI Overwatch Act” to review AI chip exports to China.
  • The bill grants the House and Senate 30 days to block licenses for AI chip exports.
  • The act aims to prevent China’s military from gaining access to advanced AI chips.
  • White House AI czar David Sacks opposes the bill, claiming it undermines Trump’s authority.
  • The bill must pass the House, Senate, and be signed by the president to become law.

A key Republican lawmaker, Representative Brian Mast, has scheduled a committee vote for the “AI Overwatch Act.” This bill would grant Congress oversight of artificial intelligence chip exports, particularly to China. The vote comes after President Trump approved shipments of Nvidia’s H200 AI chips to China, sparking controversy.

The AI Overwatch Act and Its Provisions

According to a Reuters report, the “AI Overwatch Act” aims to give the House Foreign Affairs Committee and the Senate Banking Committee 30 days to review export licenses for advanced AI chips.

These licenses would apply to sales made to China and other potential adversaries. Representative Mast believes this bill will ensure AI chips do not fall into the hands of China’s military. “The AI chips must not be used by the Chinese military,” Mast said during a hearing titled “Winning the AI Arms Race against the Chinese Communist Party.”

This legislation is part of a broader effort to curb China’s access to advanced AI technology. The act would empower the committees to potentially block export licenses within 30 days of receipt.

Pushback from White House and Critics

White House AI czar David Sacks has opposed the bill. Sacks took to social media to claim the bill was being orchestrated by critics of President Trump. In a repost from “Wall Street Mav,” Sacks suggested the bill was part of a larger effort to undermine Trump’s authority.

He also singled out Dario Amodei, CEO of AI firm Anthropic, for allegedly hiring former Biden staffers to influence the matter. Amodei has publicly expressed concerns about China obtaining advanced chips. “Selling these chips would be a huge mistake,” Amodei said at the World Economic Forum.

Mast responded firmly to criticism, asserting that the president made the right decision in restricting China’s access to advanced chips. “You can advise him to sell H200 chips to China if you want, I advise the opposite,” he stated. The bill is now poised for a committee vote, but it must pass in both the House and Senate. Afterward, the bill will require the president’s signature to become law. If the bill passes, it will give Congress the power to prevent the export of AI chips to countries of concern.

The post House Foreign Affairs Committee Set for Vote on AI Export Control Bill appeared first on Blockonomi.

Market Opportunity
Housecoin Logo
Housecoin Price(HOUSE)
$0.001552
$0.001552$0.001552
+0.06%
USD
Housecoin (HOUSE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
Share
BitcoinEthereumNews2025/09/18 09:14
ZKP’s Proof Generation Edge: The $100M Privacy Layer DOGE and XRP Don’t Have

ZKP’s Proof Generation Edge: The $100M Privacy Layer DOGE and XRP Don’t Have

Dogecoin, XRP, and ZKP represent three very different bets for the next cycle,  and the market is already separating speculation from structure. The Dogecoin price
Share
Blockonomi2026/01/22 01:00
MAXI DOGE Holders Diversify into $GGs for Fast-Growth 2025 Crypto Presale Opportunities

MAXI DOGE Holders Diversify into $GGs for Fast-Growth 2025 Crypto Presale Opportunities

Presale crypto tokens have become some of the most active areas in Web3, offering early access to projects that blend culture, finance, and technology. Investors are constantly searching for the best crypto presale to buy right now, comparing new token presales across different niches. MAXI DOGE has gained attention for its meme-driven energy, but early [...] The post MAXI DOGE Holders Diversify into $GGs for Fast-Growth 2025 Crypto Presale Opportunities appeared first on Blockonomi.
Share
Blockonomi2025/09/18 00:00