America’s chip advantage is essential to protecting the American Dream
The Senate Banking Committee convened a hearing June 11 around a question that cuts to the core of American competitiveness and the American Dream: Can the United States ensure that rapid advances in artificial intelligence support "innovation, affordability, and American dominance?" Those three goals are inseparable, and they all hinge on a single variable: ensuring that the world’s most advanced chips stay in American hands and out of China ’s. President Ronald Reagan understood this logic during the Cold War, when his administration moved aggressively to deny the Soviet Union access to cutting-edge Western technology — not because the Soviets lacked talent, but because denying them the tools was itself a strategic weapon. The same principle applies today. Indiana Republican Sen. Jim Banks and Florida Republican Rep. Brian Mast understand the stakes. The "AI Overwatch Act" they are advancing in the House and Senate is the right answer. China already has world-cla...