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Trump signs AI order, sets Aug. 1 deadline; bipartisan bill proposed

8/1/2026

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Summary

Story summary

President Donald Trump signed an AI Executive Order in early June 2026, setting an Aug. 1 deadline for voluntary model submissions.
The Order says no preclearance or permits are required for AI model development, emphasizing collaboration.
A bipartisan draft AI Act would regulate frontier models, create a CAISI, and require reporting and fines for developers with revenue over $500 million.

History

Historical Context

President Donald Trump’s Executive Order 14179, signed Jan 23 2025, revoked Biden’s Oct 30 2023 Executive Order 14110 on trustworthy AI and ordered the Office of Management and Budget to draft a 180-day action plan to keep U.S. AI leadership. This back-and-forth use of executive orders illustrates the ongoing legislative bipartisan push behind today’s AI Act.

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Story summary

President Donald Trump signed an AI Executive Order in early June 2026, setting an Aug. 1 deadline for voluntary model submissions.
The Order says no preclearance or permits are required for AI model development, emphasizing collaboration.
A bipartisan draft AI Act would regulate frontier models, create a CAISI, and require reporting and fines for developers with revenue over $500 million.

1 / 2