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<v Speaker 1>Mike Dubuski, who is the ABC News Technology reporter, is

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<v Speaker 1>with us and Mike, let's talk about the big, beautiful

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<v Speaker 1>bill of what's going on in terms of the world

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<v Speaker 1>of technology and good morning. Thanks for joining us.

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<v Speaker 2>As always, Yeah, good morning to you. And this is

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<v Speaker 2>a pretty interesting bill with regard to the technology sector.

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<v Speaker 2>A number of provisions in this bill would or would

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<v Speaker 2>have if they had kind of gone through, impacted both

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<v Speaker 2>the AI sectors, the electric vehicle sectors, the energy sectors.

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<v Speaker 2>The big one that got the most attention in recent

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<v Speaker 2>days is known as the AI moratorium. This was a

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<v Speaker 2>provision in the Senate bill written by Marsha Blackburn of

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<v Speaker 2>Texas and Ted Cruz of or excuse me, marsh Blackburn

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<v Speaker 2>of Tennessee and Ted Cruz of Texas, and they essentially

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<v Speaker 2>this measure would have instituted a temporary pause on state

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<v Speaker 2>level AI regulation, basically saying, hey, yes, if you're a

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<v Speaker 2>state government and you want to pass any sort of

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<v Speaker 2>rule or legislation related to artificial intelligence, that's going to

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<v Speaker 2>be on hold. We're going to withhold some federal funding

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<v Speaker 2>related to broadband access if you end up passing that law.

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<v Speaker 2>In addition, a number of already passed laws at the

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<v Speaker 2>state level would be preempted, would be essentially taken off

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<v Speaker 2>the books, including a number in California, you know, more

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<v Speaker 2>than two dozen, it appears, have already been passed. A

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<v Speaker 2>number are you know, also sort of in the conversation

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<v Speaker 2>waiting to be passed. So this was going to have

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<v Speaker 2>really big implications. The argument, of course, being that the

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<v Speaker 2>AI sector and many lawmakers wanted to prevent this patchwork

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<v Speaker 2>of state level legislation from emerging. This is going to

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<v Speaker 2>be really difficult for companies like open ai and Google

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<v Speaker 2>to navigate, in addition to some of their smaller competitors

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<v Speaker 2>that maybe don't have the legions of lawyers to figure

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<v Speaker 2>all that out. And the advocates for this piece of legislation,

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<v Speaker 2>we're saying that this was going to effectively hinder AI

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<v Speaker 2>development at exactly the wrong moment. We don't want to

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<v Speaker 2>take our foot off the gas when we're in this

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<v Speaker 2>AI race with China. However, there were a lot of

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<v Speaker 2>opposition to this particular measure, many Democrats but also Republicans

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<v Speaker 2>pushing back on it. Seventeen Republican governors writing to the

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<v Speaker 2>Majority leader and to the House Speaker calling for this

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<v Speaker 2>AI moratorium to be stripped out of the bill even

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<v Speaker 2>within the AI space. Dario Amidae, who is the head

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<v Speaker 2>of Anthropic, wrote in an op ed that this was

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<v Speaker 2>a blunt instrument that gave us the worst of both worlds,

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<v Speaker 2>both no ability for states to act on this fast

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<v Speaker 2>advancing technology and no federal policy to backstop it. And

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<v Speaker 2>in recent hours bill we've seen that this has now

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<v Speaker 2>been stripped out of the bill completely, with Marsha Blackburn,

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<v Speaker 2>who again was one of the co authors of this

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<v Speaker 2>piece of legislation, saying, until Congress passes federally preemptive legislation,

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<v Speaker 2>we can't block states for making laws that protect their citizens.

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<v Speaker 1>Okay, fair enough, And it's kind of interesting because federal

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<v Speaker 1>government can't block AI development, and so they do it

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<v Speaker 1>sideways and say, if you don't do what we want,

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<v Speaker 1>we control the bandwidth and we can get in that.

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<v Speaker 1>So it's always the federal government either regulating where it

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<v Speaker 1>can or paying for like in the world of education,

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<v Speaker 1>you don't do what we want, you're not going to

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<v Speaker 1>get the federal money. Read what's going on with Harvard

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<v Speaker 1>and the federal grants, the electric vehicle tax credit, which

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<v Speaker 1>is going to disappear, and that seems to be more

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<v Speaker 1>anti California than anything else. There are a lot of

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<v Speaker 1>laws that are put up by the Trump administration that

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<v Speaker 1>are straight at us. Is that going to disappear.

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<v Speaker 2>As it stands right now in the text of the bill, Yes,

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<v Speaker 2>so after a one hundred and eighty day period, the

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<v Speaker 2>federal EV tax credit would essentially disappear. That is the

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<v Speaker 2>tax credit that is designed to incentivize the purchase of

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<v Speaker 2>a new electric vehicle by basically kicking you a little

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<v Speaker 2>bit of money depending on where your car is built,

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<v Speaker 2>where the batteries come from. On a new electric vehicle,

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<v Speaker 2>you can get up to seventy five hundred dollars off

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<v Speaker 2>the cost of a new car up to four thousand

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<v Speaker 2>dollars off the cost of a used EV. And then

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<v Speaker 2>there are various sort of leasing incentives involved there as well.

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<v Speaker 2>Those leasing incentives would go away immediately if the bill

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<v Speaker 2>is passed as it stands right now, and again that

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<v Speaker 2>one hundred and eighty day period. It really sets up

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<v Speaker 2>an interesting moment in the car space as consumers sort

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<v Speaker 2>of are expected to rush to market to take advantage

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<v Speaker 2>of this additional federal tax credit. While it's still in place.

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<v Speaker 2>You mentioned California. New York as well have state incentives

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<v Speaker 2>for buying an electric car about two thousand dollars. Here

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<v Speaker 2>in New York, it's almost ten thousand dollars off the

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<v Speaker 2>cost of a new car. You can expect people would

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<v Speaker 2>want to take advantage of that before it goes away,

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<v Speaker 2>and that's going to create a real pressure point for

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<v Speaker 2>dealers and for manufacturers as well.

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<v Speaker 1>Yeah, So there'll be a bump and a healthy one

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<v Speaker 1>as people buy. And then as soon as the wawed disappears,

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<v Speaker 1>as soon as the money that one is getting in

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<v Speaker 1>rebates disappears, then the the number of evs are going

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<v Speaker 1>to go south. Just in general the technology. One of

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<v Speaker 1>the things about evs. I have an EV and I

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<v Speaker 1>regret buying a pure electric car. What I should have

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<v Speaker 1>done is bought a hybrid. Yeah, and I'm not alone,

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<v Speaker 1>am I.

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<v Speaker 2>Yeah. This is a really interesting thing to view in

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<v Speaker 2>the AI, in the EV space that you know, electric

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<v Speaker 2>vehicle adoption we saw through sort of twenty twenty twenty

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<v Speaker 2>twenty two really took off, right. We saw this huge

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<v Speaker 2>amount of adoption, and in the last few years or

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<v Speaker 2>so we've seen that start to level off. The amount

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<v Speaker 2>of evs that people are buying is still growing. More

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<v Speaker 2>evs are sold every year than they were the year prior.

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<v Speaker 2>But we have seen people start to move over into

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<v Speaker 2>the hybrid space because they say it kind of splits

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<v Speaker 2>the difference. Right in the commuting space. You can operate

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<v Speaker 2>on pure electric power, save yourself some money, and then

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<v Speaker 2>when it comes time to, you know, do those longer

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<v Speaker 2>road trips that people occasionally do, you still have that

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<v Speaker 2>gas motor to bank you up and for what it's worth,

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<v Speaker 2>depending on the size of the battery in your hybrid,

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<v Speaker 2>specifically plug in hybrids. There's also some federal incentives attached

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<v Speaker 2>to those which would be going away under the text

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<v Speaker 2>of the bill as it stands right now.

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<v Speaker 1>All right, Mike, I know you've got plenty to do.

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<v Speaker 1>When we have a hard out, we'll talk again. Thanks

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<v Speaker 1>for your information.

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<v Speaker 2>As always, of course, guys, take care,