
Episode 5423: Great American Artificial Intelligence Act of 2026...
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You announced just a few days ago that you're naming Bill Pulte as the acting Director of National Intelligence. There's been a little bit of a pushback from some Senate Republicans. Why do you think, Mr. President, he's the best person for the job?
B
Well, he's very smart. He's a person who's got high integrity. He's done a phenomenal job at Fannie Mae, Freddie Mac. You know, you probably have a trillion dollars in value there. When he took over, it was much less. And I guess I'm responsible for that, too, because everybody wanted me to sell it in my first term for 10% of what it's worth right now. If I would have sold it, we would have lost $900 billion. We would have lost. I mean, think of it. It's probably worth a trillion dollars. And I was offered every. People want me to sell it at 100 billion, a very small percentage of what it's worth now. So. And he built it up a lot, did a great job. And it's an acting position. It's not a permanent. He's not going to be permanent because, you know, I don't think he'd want to be permanent, but he's a very smart guy and he may find out some things about the rigged elections, et cetera, et cetera. I think he'd like to do it. I'd like to. I think he wants to do it very much. Got a lot of energy, but he'll be very good. Again, it's not a permanent position we're looking at. We're interviewing people right now, but it's somebody just to take it over for a little while.
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Does he have the necessary, in your
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view, Mr. President, the necessary national security experience to take on that position?
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Well, I do, and I think he does, actually, because he's smart, because a lot of national security. Look, I wasn't greatly experienced in national security, and I think I've done a really great job with it. A lot of people would say that I've ended eight wars and soon to be a ninth. I hope that works out, too. You know, frankly, it's. But probably. And there's another one also. It could be 10. No president. I don't think a president has ended one war having to do with outside of this country. So, you know, we've done a good job. I would say that Bill is a guy that will be able to figure it out very quickly. Again, it's short term, but he may be very effective for a short period of time.
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Thursday, the 4th of June, year of our Lord 2026. Okay, that's got heads blowing up. Pulte president's backing him hard talked about, maybe, I don't know. DNI looks into the elections. There'll be a meltdown tonight on, on various cable networks. So we'll make sure we're curated. All for you, of course. He says Pulte's not going to be the permanent one just in acting. They're already talking to people about being permanent. So there is, there's that. We'll deal with more of that in the morning. Also some updates on capital markets and the war. Get to that in the morning. Also, the big news, the big news is I see it because this is the most important thing that people should know behind the scenes in Washington, D.C. everything related to artificial intelligence. Now you have people rushing towards the IPO window to kind of, you know, lay this risk or spread this risk among the public. And of course, you read some of these prospectus, you really can't get a feel for what they're up to. Joe Allen joins me. Joe, I got a cold open for you. But first off, just let's talk about, let's do a reset of where we are. We had the executive order the other day that the oligarchs did not want sign. President Trump did it. It's the start of a structural process far from perfect, but at least it gets something out there. Then today this congressman from California has been working on this bill. It's 300 and some pages long. Just give me the overview of who he is and tell me a little bit about this, about this bill until we get down, until we've got some great guests this afternoon that you've helped us to arrange, sir.
D
Well, Steve, the bill, the Great American AI act put forward by J. Obernulti from California and Louisiana, Lori Trahan of Massachusetts. It's an attempt at a bipartisan agreement on what the national AI framework would be. Some of the positive aspects are the calls for the order to make the AI labs more transparent, very similar to some state level legislation we've seen in California and New York. That would mean that the companies would have to basically open up their labs to show that the AI models are working on are in fact safe and are not a danger to the public. And this dovetails very much with the executive order that President Trump signed earlier this week. You also have protections for whistleblowers. You have the formal recognition of Casey, the Center for AI Standards and Innovation. It would allow it would actually provide $300 million to Casey over the next three years. This is important because Casey would be one of the central organizations involved in evaluating the models for safety. And that would also include the proposal put forward by President Trump in the executive order. The precedent has been set there to hold these companies to account to an external agency basically to audit them. Now, one of the real problems with the so called Great American AI act is the they are doubling down on preemption. Now the bill itself calls for preemption on all state laws that would relate to the development of AI models, meaning that no state could pass a law that would impede an AI company from building a monster. It would only, it would allow, though, for states to pass laws that would, that would regulate the deployment of these models. So they can build the monsters, but they can't release them. And this is, on its face, a kind of compromise. But I think, as Daniel Cochran from the Institute of Family Studies will explain in detail, the problems arise immediately as to how much control states really will have, especially if any challenges to the companies go to court. I should also note, Steve, that this is all part of a huge wave right now of attempts to craft public perception of AI and of course pass laws or at least put in place policies to govern AI. And so, you know, we've been covering the Pope's encyclical. This is really, really important insofar as raising public consciousness and setting a kind of religious boundary around the uses of artificial intelligence. Then the EO, as we just mentioned, and then two days ago you had OpenAI reiterating their own public policy proposals. And you'll remember that OpenAI has long supported, now using Casey, the Center for AI Standards and Innovation as a central point, the point men for evaluating AI models for their safety. And then today also, Steve, we had an open letter published by the Institute for Progress and the foundation for American Innovation. The open letter calls for more stringent monitoring of basically genetic engineering systems, that being any orders for DNA or rna. This happens routinely. You have virologists or microbiologists who order custom made biological mutants from various companies. And what this open letter calls for is a strict monitoring of the DNA and RNA that's being ordered through these systems. You would think that would already be in place, and it is to some extent. But they want strict monitoring and they would also want to monitor the equipment used to produce any kind of novel pathogen. The reason being that artificial intelligence systems provide the means for relative amateurs to create potentially dangerous or deadly pathogens. And so this letter has been Signed by Sam Altman from OpenAI, Dario Amadei of Anthropic and Demis Nasabis of Google's DeepMind, along with a number of CEOs from Biotech Labs, academics and policymakers and people working on policy. So all of this is happening right now. And I think that this bill, the Great American AI act, is just one of many moving parts in a machine that is very quickly starting to move in a very different direction than David Sacks would have had it go, which would be just laissez faire, unbridled accelerationism.
A
Okay, let me try to frame this for a second. And the reason I think it's so important for this audience to start to, you know, we've been doing this for what, five, six years to even understand this at a deeper level, what is happening right now. You have obviously these guys and their business plans. They're working at these frontier labs really behind closed doors. There's been an effort to slip in last summer when they realized, hey, we're going to go public. What I mean by going public is we're going to access the public markets here within the next year. And in doing that, we're going to spread the risk of this to the American people, to basically pension funds, public guarantees of debt. Because the build out of this is they said, I think the CFO for Anthropic, I think it was she that let the cat out of the bag about a year ago, I think before she was terminated, about it's going to take $6 trillion overall in capital. I believe this also is the data center. $6 trillion of which a trillion she said, is going to come from the public. That would be you taxpayers, taxpayer guarantees, these IPOs. And here's why you have to understand this. You are now, you are now going to be part of this. And I don't imagine the way these oligarchs think. They're including you in this because they want you to participate in the upside. They have needs for capital and also they need to spread the risk and they can't get what they need at the rates they need it from private capital anymore. Private capital would charge them more and dilute their interest. So you have OpenAI Anthropic and musk. And musk. If you read the perspectives, just to be blunt, if you read the perspectives of Elon Musk as a first year associate at a business school at Goldman Sachs back in the 80s, you would have been terminated, terminated on the spot. If you had drafted the language that's in this, in this Prospectus and actually put this to a business model. It's absurd. So the risk, they're now coming out to spread the risk and they are hurtling towards the IPO door because they see huge upside and ability for some of the first and second stage investors here to basically blow out in an ipo, take their profits, and then we're going to figure out what this business model is. Because as I continue to reiterate, and now the rush to these IPOs proves to me more than ever we are on a very dangerous track. Not simply the technology and not simply, not even the control of the technology of what they're working on and what we understand about it and what they're doing for controls, not even outsiders, whether state level, federal level, et cetera, what they even know and understand about what they're building and do, they have the ability to control it. But also now get to some sort of regulatory apparatus. Just a licking a promise. That's what they're looking for, licking a promise to slap this on there. So they have a framework to go public and then make it your problem, make the financing part of that your problem. And so what you're seeing is all these efforts to kind of try to slap this together. And we are adamant that this is as serious not just for the species right of, of Homo sapien 2.0, but it's also for the here and now. Exactly what are we doing? And you had. So the whole premise before was that we are going to. They wanted amnesty and they tried to slip it into the NDA, which is a must pass. Ndaa, the Defense Authorization, which is must pass. They try to slip it into the big beautiful bill which for the Republican Party and President Trump was must, must pass. You know, you've been in these fights as we shut those, those alternatives down because it gave them totally free ability to do anything they want. And that's dangerous. And these people are dangerous and shutting that down. Then the states Governor DeSantis, others kind of stepped up and said, no, we have to have some, our citizens have to have some protection. Now they've come back and they have this 300 page bill and it's a little bit of a rubric's cube, I think, and the timing of it. They're dropping it because they want something passed that gives some sort of lease framework of regulatory, even if it's not there, but gives you the performance art of some sort of regulatory apparatus, quite frankly. So they can slip through an IPO window. And these are massive public offerings. I Don't think anything's. You're basically the equivalent of doing a public offering in the 1840s for steam engineering, right? And they're letting you have a taste of it. These are massive public offerings. The, the scale of this musk is orders of magnitude the biggest public offering that's ever, ever occurred. There's others just always remember they ain't taking this public to let you participate in the upside. That is not what they're doing. They're trying to go to every pension fund, all your 401ks, everything and make sure that you are at risk with, with them. What they are going to do and looking at is try to blow out as much as this much of it after the public offering as possible and leave the suckers to kind of hold it. We're going to break all this down because you have to be very clear about this. We have to look at this very clear eyed. Where the incentives are, who's doing what and where is at least a modicum of regulatory control so that we don't allow these older oligarchs just to run wild. Because run wild they shall. Short break.
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The order says in part quote, advanced AI capabilities make our nation stronger but
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also introduce new national security considerations that require coordinated action across executive departments and agencies. Artificial intelligence already touches many areas of our lives and affects decisions that shape human coexistence it is also dramatically changing how war is waged. Representative Jay Obernolti, former AI Task force chair, says it's about time. The president has issued this as a
D
call to action and made it clear
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that he would like to see this on his desk this year. And as you know, this is what
D
we have been pushing for for the
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last 18 months to try and instill a sense of urgency in the Congress that this has to be done soon. Representative Obernolty told Fox Business he plans
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to introduce the Great American AI act
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in the coming days, codifying this blueprint. Governments have worried that thanks to advances in synthetic biology, it is easier than ever to develop biological weapons. Now AI is making it even easier. Artificial intelligence needs to be disarmed. The word is strong, I know, but deliberately chosen because this moment needs words capable of attracting attention, awakening consciences, and indicating paths forward for humanity.
D
Dr. Relman, after the chatbot gave you detailed instructions for how to release this virus to cause mass murder, a mass
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casualty event, you said you were so shaken, you took a walk to clear your head.
D
What was going through your mind during that walk?
G
I think this is, you know, this is an ongoing struggle. The companies, of course, are. Have put constraints into their models so that they refuse to answer questions that are clearly motivated by, you know, an interest in doing harm. But we all know that there are ways of getting around those refusals. And you can, you know, get around them by pretending to have altruistic or beneficial purposes that easily fool these models.
A
AI has become exceptionally good at doing biology. Leading language models have surpassed human expert virologists on all sorts of exceptionally difficult questions. Things like bioinformatics and troubleshooting complex experiments. The worry is that these same capabilities could enable novices, or perhaps people with some biological background to access a level of capability that previously only existed in the hands of a very small number of governments. Okay, Joe, break those two down because they're Bifair 1 is about the bill. And like I said, my take on this bill, first blush is it is providing some. And he's Ober Nolte's right when he talks is a sense of urgency that I admire. We have to do something. We have to codify this. I'm not sure. Not only does this do it, I think this is more of the. Because, remember, they've bought everybody in Washington, or virtually everybody. They have more money because there's so much money involved in power. You have all the top law firms, all the top lobbyists, all the top communications firms. Everybody's Conflicting. I came to get people to talk about the, on the side of the humans, on the side, the Homo sapiens, because everybody's already bought off. They got these huge funds and they're, you know, putting money into, for instance, Byron Donaldson, these guys down in Florida, the governor's been pretty. I think Desantis has done a pretty good job on this. Byron Donald's, I think, take the most money from everybody. These AI PACs are there to make sure that they sing the party line right and tell you to shut up. So you have overfill. They're talking about the urgency of this, but then you've got into a whole nother risk that we've been warning about. Now it's kind of out. So, Joe, walk me through it.
D
Yeah, Steve, you know, there's two basic courses of action that are being called for on the Hill. And one is the David Sachs approach, the Marc Andreessen approach, and that is light touch, meaning almost no regulation whatsoever. So that's an easy one. You just simply say, no regulation. Let industry regulate itself. On the other side, you have those of us who believe that just like airline industries, just like, just like the food industry, all, you know, drugs, AI needs to have some level of government oversight and be accountable to the American people through the vehicle of the government. But the problem we run into is, okay, once that door is open, well, which regulations do you put in place? Who is really determining what those regulations are and how stringent they are, what the ultimate effect is? And it's very easy, as you just say, as you just said, for politicians and policymakers of all sorts to be bought off and all of their interests basically reflecting the money that they're being handed by these companies. It's a very human thing that we have not gotten beyond. And as far as the bioweapon fear, right, the concern that artificial intelligence systems could enable a novice to create a bioweapon. Again, this is very much in parallel to the Mythos moment. All of this boils down to the rapidly increasing capabilities of AI systems. And these are dual use systems by their nature. And that means that just as an AI system would be able to write code, so it would be able to analyze existing software for vulnerabilities and write code to exploit it. And this is what Mythos Preview has shown. And then you also have the kind of. It's very much parallel even, even the ways in which it's done. But the problem that even as AI systems are able to assist researchers in their biological experimentation, they're Also able to assist novices in creating dangerous biological systems, dangerous organisms. So it all hinges, Steve. You know, you've got all these forces and it looks like a really complex machine. But I think at the center what you have are companies that have proven themselves to be reckless and that are creating systems of increasing capability. And then outside of that, you have all of the different interests trying to ensure that the most dangerous outcomes don't come to pass. The first and most important, that's us, that's the public. The public is extraordinarily concerned and they want something done. And then, you know, beyond that, you have all the different competing political interests who are trying hammer out the way to do it.
A
Yeah. And, and all I'm trying to say is layered on top of that is now they're obviously this, this Oklahoma land rush towards, towards initial public offering which will be able to have them lay off the, lay off the risk on the MOOCs. Senior VP of Government affairs for Americans for Responsible Innovations, Doug Kalitis, you join us. Callidus, you join us. Talk to me about this, what you've seen in this potential bill that's been laid out today. What I take it this is just a lick and a promise to try to give us a fig leaf and basically get preemption, make sure the states are shut down. Ron DeSantis is shut down.
G
Thanks, Steve. You've got the framing right. I mean, this is the third time they've tried this. And it's the same people who tried a year ago to do 10 years blocking the states from touching AI with no federal standard at all. And they came back in December, tried to do it again, a huge coalition of people from basically every political stripe and interest said absolutely not. Literally nobody asked for this. And we shut it down. And they're back a third time because they realize that this is the last hurrah before we go into the summer and the election cycle. So what they've done is they basically reverse engineered. They start with preemption and say states can't do anything that touches model development because that's what the big labs really care about. And in exchange, you're going to get a new federal program that's going to give some visibility into what the companies are developing, use some independent verification organizations, do some labor stuff. 90% of this stuff is just mostly non controversial. Everybody likes it, no one would object to passing it. There's maybe another 8% that it's good. I like it, I would support it on its own, but it's absolutely not Worth tying the hands of the state and local governments, which are the places where the tech companies for whatever reason have been unable to really buy off the policymakers. That's where you still have political will. So this is industry coming in, trying to get Congress to lean on the state and local governments which are closer to the people and say, hey, you can't do anything. We're going to do a little bit, but not that much. And for the next three years, which is a really long time in the AI world, that's just going to be it. And that's unacceptable.
A
Doug, when they came to D.C. i think that's the reason they didn't go the state and local. They don't even believe really in democracy or this republic. They're all techno futileists. Right? When they came to D.C. they looked around and said this is just a sea of mediocrity. We're going to jam this thing into the big beautiful bill that failed. We're going to jam it into the ndaa. Oh, we going to have an eo. None of that has worked. They have pure contempt for the people's ability. Remember, we're the deconstruction of the administrative state. Guys. We don't want another whole layer of bureaucracy unless we need on this one. You absolutely have to have something. I just want to go back to this is a central part of this bill. Just to get this another take at preemption so the States, DeSantis and these guys have no say.
G
So that's a smart read on it. That's certainly the way that I see it. That's anybody who's paying attention the last couple of years will see this. The leaders of the bill will say, well, this is a 270 some page bill and preemption is only one section. This is only a couple of pages of the bill. You're focusing on the wrong thing. That's the meat of the bill. We've always said, hey, take this preemption part out. Let the states continue to act and protect their people and we have no problem with this at all. But they're not going to do it, you know, and that shows you all you need to see.
A
No, the reason they're not going to do it, they don't want any form of control at all. And DeSantis and the people in Florida, I think have done an incredible job. I think if DeSantis has had the new nominee to be the ambassador to Brazil, he was the House speaker and shut down Governor DeSantis, I think at the time, tremendous work. And, and it didn't go forward. But I think Ron DeSantis and others have done a great job now more than ever. This is why the EO the other day was so important. It's not perfect directionally. It's good because the first time it actually puts a structure and a process in place. Right. It's not perfect. It's voluntary, not mandatory. There is no, really, it's kind of shambolic on the other side about who actually what's the problem? Process to approve. And of course, it's only, you know, it's voluntary. It's 90 days or, excuse me, it's 30 days now. But it starts a process. What the purpose of everything they're doing on the legislative side is to make sure that the people have virtually zero say so in looking inside of what's actually going on and absolutely no control. Short break. Back the moment.
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D
You move. Here's your host, Stephen K. Band.
A
Okay, Daniel Cochran joins us once again from the Institute for Family Studies. Daniel, you've had a first pass at this. Your thoughts, sir?
C
I think this bill is largely performative, but it's important to note that the tech bros know they can't get through without bearing their preemption language in 260 pages. You know, we started last summer, as you noted, with just basically 10 years of amnesty. They failed at that. They tried again with the NDAA. Our polling showed that 57% of Americans opposed that. So now they're back with 260 pages and they're trying to bury the lead here. They're trying to disguise their attempts and at amnesty, narrower amnesty, but amnesty nonetheless. I think the most important thing to note about this bill is that while it would require greater levels of transparency around catastrophic risk, it does nothing to address a lot of the risks that normal Americans care about. Think about the effects that AI has on kids and families, which we found recently, 87% of Americans support. It does nothing to that effect. And the preemption provision, which we can talk about more, creates a legal hook for big tech to draw all kinds of questions and really drag states into court every time they want to impose competent safeguards on these companies. So it's a real, I think it's important to recognize how the tech industry is trying to muddy the waters here to get out of real accountability.
A
Okay, I'm going to go back, Doug, in a second, but I want to ask you because you've been with us for a while, what is the obsession? Explain to the audience, what is their obsession in trying it many different ways? Why had they come back and tried now to bury this? What is so important to them about preemption or what I call amnesty, Sir?
C
Well, I think you suggested it in the last segment and is that these companies believe that they are essentially the new nation states, right? They are going to usher in kind of the next generation, the next species. And in to do that, they have to overcome anything that would prevent them right. Any, any kind of obstacle or barrier to their success, not just their financial success, but their power, right, to transcend the limitations being placed upon them. And so by getting Congress to enact essentially blanket amnesty, they are, they are giving themselves a blank check to essentially write their own rules for the foreseeable future.
A
Doug, isn't that the heart of the issue you talked about earlier? And I said, hey, they don't want to deal with state legislatures. They certainly don't want to deal like on the data centers with local folks overturning these town commissions because their concept, they don't look at the world in a Westphalian framework. They look more like Renaissance Florence or Venice, where they're quite medieval. People are kind of digital slaves to them, and they are these kind of techno fascists. They. They form a new almost political entity.
E
Hasn't.
A
Isn't it true that guys like Andreessen, who carries a lot of stroke because he's got a big checkbook, they've been working behind the scenes on this thing for months and months and months and make sure the rubes in Congress kind of turn the keys over to them for a couple of years. And so they can steal a march on the people. And we can never reverse this.
G
Absolutely. So, I mean, Daniel talked about what happened last year. So after they lost on the Senate floor, 99 to 1. Right. Nobody wants this. Within a month, I was in a conference where people from A16Z were talking about how what they would do was a new version of preemption was exactly what showed up in the bill we saw today stopping states from doing anything that touches the development of AI models. So this is September of last year. You know, I've talked to friends on the Hill who said they've been coming in every month since then and pushing this and pushing this and pushing this, and it's all they ever talk about. And, you know, all of the different, you know, think tanks and industry trade associations that they fund are all saying the same thing. So, I mean, if you go online and you look at who's actually praising this bill and saying, this is what we want, it's all people connected to Andreessen and, you know, the different tech, right, and the people who are basically funded or part of the whole A16Z ecosystem.
A
So, Daniel, Dan, because these guys have all the money, they have all the lawyers, they have the lobbyists, 2/3 of the media is in their pocket. How then are people in our structure on our 250th anniversary, the commemoration of the start of all this with the revolutionary generation, how then are the people to combat when you have really oligarchic power and quite frankly, an intensity and an urgency that really touches the dark side, how are people supposed to stand up to this?
C
Well, now's the time. And you know, J. Obernulti, they, they, they release this as a discussion draft for a reason. I think that's very strategic because they recognize that people like us are vigilant and on guardians, they recognize the anger of the American people. Poll after poll showing, growing, growing Concerns around AI, especially from. From younger folks, you know, graduates. I was just listening to a great speech by senator Hawley last night, and he was talking about how so many people have soured on AI because AI has become a tool of oppression. So how can people resist? Well, let me give you two. Two, two examples. I think you need to call members of Congress, call J. Obernulti's office, call the House Energy and Comm. Those are the folks that are writing this legislation. And I think they should hear from real people. They only ever hear from industry. They need to hear from people on the ground who are affected by the rules that they're writing. And I think they just need to hear, look, the American people are not open to giving the tech industry carte blanche to write their own rules of the road. That's something that Congress and the states need to retain authority to do here.
A
Doug, you know how our system is susceptible to people that have big checkbooks, right? And can say, hey, if you're not with me, I'm going to. You know, given your opponent unlimited amount of money to drive you out of here, Given the structure that we have today, how can people. The same question to you. How do people combat this when. When you've got the Andreessen. And people should understand these are some of the most powerful people in the history of the planet. This is a new. They believe this is a new industrial revolution. I agree with Hawley that much of this is used for oppression. How then do you believe we can combat this?
G
I think people need to keep the faith and understand that the power that they have. I mean, look at last summer. I mean, the tech industry in the run up to all this, the line was, they don't lose. These guys never lose. Well, they lost and they lost 99 to 1 on a public vote on the senate floor. And then they lost again in December when they tried. All the money in the world can't push a policy that 90% of the American people simply don't want. I tell a joke sometimes if you go around to your friends, your family or colleagues and say, hey, what do you think about AI? What do you think government should be doing on AI? If anything, you'll get a bunch of answers. Not one out of 100 people is going to say, what we really need to do is stop the states and local governments from doing things that regulate big tech companies.
D
Right?
G
Literally nobody wants this. And I think the money goes a long way when you're trying to spin an issue. Or Maybe it's like a 4060 issue or a 3070 issue. But like, this is not that. This is something that literally nobody wants. And that's why I think, you know, when people are loud and they let members know that this is not okay, you know, they win.
A
You know, President Lincoln said in the darkest days of the Civil War that if you have the people on your side, you're ultimately provided prevail. It was one of the things he worked on. Public sentiment, he called it. That's. We have here, Doug, where social media and where they go for your website. I want people to immerse themselves in the information around responsible innovate. I'm a Luddite, so I don't know if they're responsible innovations, but I, I want people to go to your site and check it all out, where they go.
G
Thank you. It's at Doug Kalidas, first and last name on X&ARI US.
A
Doug, thank you so much. Daniel. Once again, social media website. Where do people go? We need this army of the awakened to immerse themselves in the details here. Where they go, sir, go to.
C
So my X handle is real D. Cochran. And then you can find both our polling and other information@instituteforfamilystudies.org thank you, brother.
A
Appreciate you. Great work, Joe. Having two experts on here, it's amazing. You distilled down with the 378 pages or 278 pages and they're just doing the same thing again. This audience remembers last summer, President Trump had to get the big beautiful bill because this whole economic program, it was the must pass piece of legislation for President Trump's second term. I think he would tell you, at least at the time they slipped it, they slipped it in there. And we had 48 hours of a firestorm. The Warren Posse stepped up. It was just incredible. And in the middle of night, because of Marsha Blackburn, in the middle of the night, literally at 2:00 clock in the morning, they voted on something Ted Cruz had sponsored 99 to 1 against a complete blowout. I mean, a face plant and the whole. And their mantra was we never lose. We never lose. That's the arrogance. They come back 60 days later and tried to slip it in to the NDAA because that is must pass in order for the troops to get paid. The head of the Armed Service Committee, Rogers, the, the guy that tried to punch out Matt Gates on the floor, he said he comes out of his office with a million reporters and they're all screaming. And of course the Warren Posse's been Lighting up his phone, he says, hey, I have no and I don't know what these guys are doing, but it's not going in this bill. Boom. Then they tried the executive order, the first one with the President. They keep losing in this whole dog and pony show, brother, is to slip in one thing, preemption. So that tells me we got them, we smoked them out about exactly what they don't want to face. And now more than ever, we have to triple down on this. Joe Allen.
D
Steve, it's very clear that the national framework is going to be extraordinarily important, but it's not coming this year, it's probably not coming next year. And so it's at the state level, it's at the local level that you have any possibility for restraining the worst effects of the technology. You can see in the bill that just passed just a couple of days ago in Illinois, very similar to SB53 in California or the Raise act in New York. It's basically holding these companies liable for their any possible harms that are done by the technology. And also insisting on a degree of transparency, transparency as to how these systems are tested, how they're evaluated, how these digital brains are interrogated, basically, and then some path to hold them accountable. And then you have all the other concerns, child protection, all this is encoded in Ron DeSantis AI Bill of Rights. But child protection, deep fakes, you have the copyright protections in the Elvis act in Tennessee, you have the more exotic stuff like the no AI Personhood legislation in Ohio and Missouri. So all of this you see, and you really see it come to life in the data center fights on the local level. And so, yeah, they want to do anything possible to neutralize those decentralized local responses. And yeah, it's not going to happen. And just looking at Daniel Cochran and Doug Casidas, these are not guys on the same side of the political aisle. The. But they are on the side of people.
A
Yeah, that's what I'm saying. It's bringing the country together in an odd way. The first three examples, this is the tragedy of DeSantis with Perez, this House speaker that shut that down. Now Perez is being nominated for ambassador to Brazil. Please go. Let's get him approved tomorrow. Get him out of there. If you notice, the first three, you talked about California, New York and Illinois, not exactly friendly to American business or industry. I understand that DeSantis actually had, I think, something that had pretty well thought through enough balance in there, but protect the people and put a lot of onus on the on tech and and Governor DeSantis, you know, Florida and Texas are the railheads of this Texas because of Elon Musk and some of the other technology guys down there in the Bush apparatus. Not as far advanced as Governor DeSantis is, but this is the tragedy of what the House speaker did, but not even bringing it up for a vote. We're going to spend more time on that. But the lesson for today is that the war and posse we have to get collectively, we have to get a lot smarter. This is a bet humanity, technology they're working on right now, the bet, you know, on Homo sapiens about surpassing Homo sapiens. And you, this audience, are the guardians of this, the guardians of this. Short commercial break JOE on the other side, we rejoice when there's no more. Let's take down the ccp.
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A
It's what chairman and CEO throughout the world read and you should too.
D
War Room here's your host, Stephen K. Ban.
G
Okay.
A
Medical freedom starts with having resources and instruments that you can use to get your medical freedom. All Family Pharmacy Michael Kunstler and the team started this to give you an alternative to the drug middlemen, the big drug distribution companies in the drugstores. You can go, they got licensed pharmacists, medical professionals in every state. So go to all family pharmacy.com Bannon all family pharmacy.com ban all family pharmacy being one word slash Bannon. You get 10% off. Immerse yourself in all the information. Talk to the professionals there. This is what it's all about. And then take advantage of it if you so choose. We think you will because the the beginning, the first step on the journey to medical freedom starts hereallfamily pharmacy.com Bannon you ban in 10, you get 10% off now more than ever. Also tomorrow we had EJ on but I didn't have time to get into the capital markets part of it. I will do that tomorrow because it's quite important. Make sure you go to Birch Gold. Two things, totally free, no obligation. Birchgold.combannon into the dollar empire. Most importantly, get to talk to Philip Patrick and the team. Also, if you take your phone out and text Bannon@989898, you also get to Philip Patrick and the team. Talk to him. First question, just say, hey, why are central banks now it's up on Drudge. It's all over Daily Telegraph, Financial Times, a lot of huge stories. We broke it for you, I don't know, six months ago. Why are central banks buying gold at rates now higher than the buying U.S. government securities? And Philip Patrick, what does that mean for me and my family's financial security? Ask them. Get the answer to that question. Joe Allen, you're fighting the good fight, brother. I told you what six years ago it was going to come down. This is going to come down to money and power, folks. People that are oligarchs and are focused on power and focused on money and don't love our republic and particularly don't love the structure of our republic, which means you have a say so are trying to do a blitzkrieg and roll this thing up. And we stopped them every time. And guess what? We're going to stop them again. We will never, ever fold on this. We will never, ever fold. It's driving them nuts. Joe Allen, your closing thoughts, sir. And where can people get more information on this topic?
D
Steve the wave is definitely crashing for sure. You've got again, just to go back through it, you've got the Pope's encyclical on artificial intelligence. You've got the Trump administration's executive order on cybersecurity and artificial intelligence and testing the frontier models, establishing benchmarks for the frontier models. You've got OpenAI pushing their version of policy. You've got these various tech oligarchs, or at least the CEOs, also trying to put their stamp on the the legislation that they've fought for a long time to keep from becoming existent at all. But then once this process is underway, you're going to see the constant pressure from the people with the money and the power who want to see all of their projects, from artificial intelligence to robotics to brain computer interfaces to bioenhancement to to genetic engineering of the human being at a germline level. They will do everything possible to make sure whatever legislation goes through doesn't impede them with their projects. Right now Steve, something that I'm really looking at especially in regard to the testing. This is something that you see in the executive order. You see it in Obernolte's bill, you see it in OpenAI's policy proposals. They're talking about testing, evaluating artificial intelligence systems and that's the piece that I'm working on right now. It is really important to understand how quickly artificial intelligence capabilities have increased since November of 2022 when they first released chat GPT. And that's what I'm really trying to communicate to the readers at Singularity Weekly.
A
Make sure tell me where they go right now.
D
Sign up at J O E b o t XYZ JoeBot XYZ Sign up. It's free. Donate if you like, but it is free. Article will be out sometime probably tomorrow afternoon.
A
So people can't would come to me when we first hired Joe five or six years ago and he would come on and talk about this and they go why are you doing this? It's so complex. Nobody's going to understand this. Blue collar, working class, middle class audience not going to have any interest in this and not going. I said no, no, no. The battle is coming. The day is coming when this is going to be the most important fight in the history of this country. This is going to be the most important fight. It's not now, it's not next year, but it's coming. And we're going to need an army of the awakened. We're going to need the direct descendants and heirs of the revolutionary generation are going to have to be totally up to speed in order to fight this. And guess what? You're totally up to speed and we're fighting it and we're gonna get you more up to speed. Joe Allen, thank you so much. I appreciate you.
D
Thank you very much Steve.
A
Oh God, these oligarchs. The worst humans on Earth. Let me talk about one of the best humans on earth, Mike Lindell, the next governor of the great state of Minnesota. Although I can't find it in the pages of the Star and Tribune. But that's for another day. I want to talk deals. You're doing a great job on running for, for, for governor. We got to make sure because you're only going to be there through the time you win and then you get you I guess in first January you take over. We Got to get as much Michael. And your son's great, your management team's great. But we got to get the most out of Mike Lindell. Talk to me about the answer.
F
They might not give the deals I give Steve, you know that the worms had my back for a long time. So you guys, I'm here. I'm actually going to a big event tonight all dressed up, but I wanted to get on here first for you all. We're running our Father's Day special this year almost a week early. I wanted to give it to the war room. You guys get with our premium my pillows. You see there the king size for dad 1998, lowest price in history. The main the USA socks. But you've all jumped on the hundred dollars off every one of our bathrobes. The most comfortable bathrobes ever made. They're absolutely amazing. And go to and then you have the Giza dream sheets. All the colors that just came in as low as 29.98. But go to mypillow.com war room or go to mypillow.com and scroll down till you see Steve click on them. There you see the robes in the middle. $100 off. You see the premium my pillows king size 1998. We have the queen size too for 18.98, the lowest price in history. But we also have there over the over 200 products. We have our factory sale going on closeout clothing, 80% off. But here's the kicker. Free shipping on your entire order right to your front door. We still have those big ticket items with the beds and the mattress topper. Just take advantage. Shipping is so expensive right now. That's on us. That's on my employees. That's on me. 8008-7310-6280-0873-10 62. Tell them promo code war room. And they love talking to you guys. The war room posse. You guys have had our back. Now I gotta go go do. Go do a big speech here to win this governorship.
A
Go do it, sir. We got your back. We got the over on Mike Lindell.
E
The second hour of the of the
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war room is upon us now.
E
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and join the team today.
Date: June 4, 2026
Focus: The Great American Artificial Intelligence Act of 2026 (GA AIA) — national regulatory strategy, IPO risks, bipartisan policy moves, and grassroots resistance.
This episode centers on the unveiling and breakdown of the new bipartisan "Great American Artificial Intelligence Act of 2026," analyzing its impact on national AI regulation, the interests of tech industry oligarchs, and the ongoing battle for state versus federal control. The conversation features host Stephen K. Bannon alongside policy analysts, activists, and journalists, scrutinizing legislative loopholes, IPO agendas, the influence of money in DC, and how citizens can fight for more democratic—and less oligarchic—AI governance.
On tech’s real intentions ([09:03])
“We are adamant that this is as serious, not just for the species right of Homo sapien 2.0, but also for the here and now. Exactly what are we doing?” — Bannon
On regulatory theater and “amnesty” ([30:25])
“They're trying to disguise their attempts at amnesty…but amnesty nonetheless. The preemption provision creates a legal hook for big tech to drag states into court every time…” — Daniel Cochran
On the importance of states ([24:02])
“Industry coming in, trying to get Congress to lean on the state and local governments which are closer to the people…for the next three years, which is a really long time in the AI world, that’s just going to be it. And that’s unacceptable.” — Doug Kalitis
On public resistance ([37:02])
“The tech industry…the line was, ‘they don’t lose.’ These guys never lose. Well, they lost and they lost 99 to 1 on a public vote on the senate floor… All the money in the world can’t push a policy that 90% of the American people simply don’t want.” — Doug Kalitis
On democracy vs. oligarchy ([32:06])
“These companies believe they are the new nation states…To do that, they have to overcome any obstacle to their success, not just financial, but their power to transcend limitations.” — Daniel Cochran
On the future fight ([50:06])
“The day is coming when this is going to be the most important fight in the history of this country. We’re going to need an army of the awakened…” — Bannon
| Timestamp | Segment | |-----------|---------| | 03:50 | Joe Allen introduces the Great American AI Act and its key provisions | | 09:03 | Bannon’s analysis: tech IPOs, risk-shifting, and regulatory theater | | 16:21 | National security and AI – executive orders and AI in warfare | | 17:48 | AI, synthetic biology, and “disarming” artificial intelligence | | 20:29 | Regulatory philosophies – laissez-faire vs. oversight | | 24:02 | Doug Kalitis: The fight over state preemption and industry tactics | | 30:25 | Daniel Cochran: Preemption buried in legislative text ("amnesty") | | 33:42 | Andreessen’s role and tech lobbying dominance | | 37:02 | Doug Kalitis: Grassroots victories, defeating tech’s legislative agenda | | 41:06 | Joe Allen: Importance of state/local action, referencing DeSantis, Illinois, California | | 47:59 | Joe Allen: Ongoing pressure from money and power, fight for meaningful AI evaluation | | 50:06 | Bannon: The coming “most important fight”—need for citizen activism |
For further reading and activism:
Quote to remember:
“Nobody wants this. And that’s why I think when people are loud and let members know this is not okay, they win.” — Doug Kalitis ([37:49])
End of Summary