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📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
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US Senate Passes Bill Related to Artificial Intelligence Technology Regulation
The US Senate has passed the budget-related bill known as the One Big Beautiful Bill Act by US President Donald Trump, Tuesday (02/07) local time. The meeting of the US Senate was led by US Vice President JD Vance.
In detail, this bill successfully received a 50-50 vote after 24 hours of the US Senate meeting. In addition, the bill includes massive tax cuts, reductions in state spending, increases in military and border security spending, social programs, and regulations on artificial intelligence (AI).
Although discussing the budget for the AI sector, the US Senate did not include the taxation of crypto digital assets as proposed by Wyoming Senator Cynthia Lummis the day before. Meanwhile, Trump's bill has been submitted to the US House of Representatives.
As information, the bill has undergone several changes. Then, the Congressional Budget Office has estimated that the bill will add to the federal deficit by US$3.3 trillion over the next 10 years.