Bannon's War Room - Episode 5423： Great American Artificial Intelligence Act of 2026

00:00:00.000 You announced just a few days ago that you're naming Bill Pulte as the acting director of

00:00:06.200 national intelligence. There's been a little bit of a pushback from some Senate Republicans.

00:00:11.160 Why do you think, Mr. President, he's the best person for the job?

00:00:14.480 Well, he's very smart. He's a person who's got high integrity. He's done a phenomenal job at

00:00:20.760 Fannie Mae Freddie Mac. You probably have a trillion dollars in value there. When he took

00:00:26.080 over was much less. And I guess I'm responsible for that, too, because everybody wanted me to sell

00:00:31.520 it in my first term for 10 percent of what it's worth right now. If I would have sold it, we would

00:00:37.900 have lost 900 billion dollars. We would have lost. I mean, think of it. It's probably worth a trillion

00:00:44.280 dollars. And I was offered every people want me to sell it at 100 billion, a very small percentage

00:00:51.780 of what it's worth now so and he built it up a lot did a great job and it's an acting position

00:00:57.960 it's not a problem he's not going to be permanent because you know i don't think he'd want to be

00:01:01.500 permanent but he's a very smart guy and he may find out some things about the rigged elections

00:01:06.820 etc etc 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

00:01:12.600 energy uh but he'll be very good uh again it's not a permanent position we're looking at we're

00:01:18.480 interviewing people right now, but it's somebody just to take it over for a little while.

00:01:23.480 Is it necessary, in your view, Mr. President, a necessary national security experience to take on that position?

00:01:29.140 Well, I do, and I think he does, actually, because he's smart, because a lot of national security,

00:01:34.000 look, I wasn't greatly experienced in national security, and I think I've done a really great job with it.

00:01:39.800 A lot of people would say that I've ended eight wars and soon to be a ninth.

00:01:44.860 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's 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.

00:02:11.140 Thursday, 4 June, year of our Lord, 2026.

00:02:16.780 Okay, that's got heads blowing up.

00:02:18.620 Pulte, the president's backing him hard.

00:02:22.080 Talked about maybe, I don't know, DNI looks into the red elections.

00:02:26.040 There'll be a meltdown tonight on various cable networks,

00:02:29.540 so I want to make sure we curate it all for you.

00:02:31.380 Of course, he says, Pulte's not going to be the permanent one just in acting.

00:02:35.820 They're already talking to people about being permanent.

00:02:37.540 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.

00:02:59.200 Now you have people rushing towards the IPO window to kind of lay this risk or spread

00:03:06.120 this risk among the public.

00:03:08.480 And of course, you read some of these perspectives, you really can't get a feel for what they're

00:03:12.020 up to.

00:03:13.020 Joe Allen joins me.

00:03:14.620 Joe, I got a cold over for you.

00:03:15.860 But first off, just let's talk about, let's do a reset of where we are.

00:03:19.800 We had the executive order the other day that the oligarchs did not want signed.

00:03:24.520 President Trump did it.

00:03:25.320 It's the start of a structural process, far from perfect, but at least it gets something

00:03:29.060 out there. Then today, this congressman from California has been working on this bill.

00:03:35.840 It's 300 and some pages long. Just give me the overview of who he is and tell me a little bit

00:03:41.940 about this bill until we get down until we've got some great guests this afternoon that you've

00:03:46.140 helped us to arrange, sir. Well, Steve, the bill, the Great American AI Act put forward by

00:03:55.120 Jay Obernolte from California and Lori Trahan of Massachusetts. It's an attempt at a bipartisan

00:04:03.840 agreement on what the national AI framework would be. Some of the positive aspects are the

00:04:11.680 calls for the order to make the AI labs more transparent, very similar to some state level

00:04:19.540 legislation we've seen in California and New York. That would mean that the companies would

00:04:23.940 have to basically open up their labs to show that the AI models they're working on are, in fact,

00:04:31.840 safe and are not a danger to the public. And this dovetails very much with the executive order that

00:04:38.300 President Trump signed earlier this week. You also have protections for whistleblowers. You have

00:04:45.820 The formal recognition of Casey, the Center for AI Standards and Innovation, it would actually provide $300 million to Casey over the next three years.

00:04:59.660 This is important because Casey would be one of the central organizations involved in evaluating the models for safety.

00:05:09.100 And that would also include the proposal put forward by President Trump in the executive order.

00:05:14.260 The precedent has been set there to hold these companies to account to an external agency, basically to audit them.

00:05:22.900 Now, one of the real problems with the so-called Great American AI Act is they are doubling down on preemption.

00:05:32.380 Now, the bill itself calls for preemption on all state laws that would relate to the development of AI models,

00:05:41.480 meaning that no state could pass a law that would impede an AI company from building a monster.

00:05:48.520 It would allow, though, for states to pass laws that would regulate the deployment of these models.

00:05:57.820 So they can build the monsters, but they can't release them.

00:06:01.980 And this is, on its face, a kind of compromise.

00:06:05.120 But I think as Daniel Cochran from the Institute of Family Studies will explain in detail,

00:06:11.480 The problems arise immediately as to how much control states really will have, especially if any challenges to the companies go to court.

00:06:23.380 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.

00:06:38.000 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.

00:06:50.780 then the EO, as we just mentioned. And then two days ago, you had OpenAI reiterating their own

00:06:59.840 public policy proposals. And you'll remember that OpenAI has long supported now using Casey,

00:07:07.320 the Center for AI Standards and Innovation, as a central point, the point men for evaluating AI

00:07:15.620 models for their safety. And then today also, Steve, we had an open letter published by the

00:07:23.180 Institute for Progress and the Foundation for American Innovation. The open letter calls for

00:07:29.220 more stringent monitoring of basically genetic engineering systems, that being

00:07:36.720 any orders for DNA or RNA. This happens routinely. You have virologists or microbiologists who order

00:07:47.000 custom-made biological mutants from various companies. And what this open letter calls for

00:07:53.280 is a strict monitoring of the DNA and RNA that's being ordered through these systems. You would

00:07:59.580 think that would already be in place, and it is to some extent, but they want strict monitoring.

00:08:03.520 And they would also want to monitor the equipment used to produce any kind of novel pathogen.

00:08:10.020 The reason being that artificial intelligence systems provide the means for relative amateurs to create potentially dangerous or deadly pathogens.

00:08:23.800 And so this letter has been signed by Sam Altman from OpenAI, Dario Amadei of Anthropic, and Demis Asabis of Google's DeepMind, along with a number of CEOs from biotech labs, academics, and policymakers, and people working on policy.

00:08:40.900 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 Sachs would have had it go, which would be just laissez faire, you know, unbridled accelerationism.

00:09:01.780 okay let me um try to frame this for a second um and the reason i think it's so important for this

00:09:09.320 audience to start to you know we've been doing this for what five six years um to even understand

00:09:17.280 this at a deeper level what is happening right now you have obviously these guys in their business

00:09:23.680 plans they're working at these um frontier labs uh really behind closed doors there's been an

00:09:31.240 effort to slip in last summer when they realized, hey, we're going to go public.

00:09:39.880 And what I mean by going public is we're going to access the public markets here within the

00:09:44.540 next year.

00:09:45.820 And in doing that, we're going to spread the risk of this to the American people, to basically

00:09:53.240 pension funds, public guarantees of debt.

00:09:57.340 because the build-out of this is, they said, I think the CFO of Anthropic, I think it was she

00:10:03.920 that let the cat out of the bag about a year ago, I think before she was terminated, about it's

00:10:09.360 going to take $6 trillion overall in capital. I believe this also is the data center, $6 trillion,

00:10:14.860 of which a trillion, she said, is going to come from the public. That would be you,

00:10:17.820 taxpayers, taxpayer guarantees. These IPOs, and here's why you have to understand this. You are

00:10:24.900 now going to be part of this. And I don't imagine the way these oligarchs think. They're including

00:10:34.220 you in this because they want you to participate in the upside. They have needs for capital and

00:10:40.420 also they need to spread the risk. They can't get what they need at the rates they need it

00:10:44.840 from private capital anymore. Private capital will charge them more and dilute their interest.

00:10:50.800 So you have OpenAI, Anthropic, and Musk.

00:10:54.020 And Musk, if you read the prospectus, just to be blunt, if you read the prospectus of Elon Musk,

00:10:59.840 as a first-year associate at a business school at Goldman Sachs back in the 80s,

00:11:06.040 you would have been terminated, terminated on the spot if you had drafted the language that's in this prospectus

00:11:14.440 and actually put this to a business model.

00:11:16.140 It's absurd.

00:11:17.380 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.

00:11:33.320 because as I continue to reiterate, and now the rush to these IPOs proves to me more than ever,

00:11:40.080 we are on a very dangerous track, not simply the technology and not simply not even the control of

00:11:47.080 the technology of what they're working on and what we understand about it and what they're doing for

00:11:51.960 controls, not even outsiders, whether state level, federal level, etc. What they even know and

00:12:00.180 understand about what they're building and do they have the ability to control it but also now

00:12:04.980 get to some sort of regulatory apparatus just a a lick and a promise that's what they're looking

00:12:10.380 for a lick and a promise to slap this on there so they have a framework to go public and then make

00:12:16.200 it your problem make the financing part of that your problem uh and so what you're seeing is all

00:12:22.700 these efforts to kind of try to slap this together and we are adamant that this is as serious not just

00:12:28.460 for the species right of uh of homo sapien 2.0 but it's also for the here and now exactly what

00:12:39.760 are we doing and you had so the whole premise before was that we are going to um they wanted

00:12:46.480 amnesty and they try to slip it into the nda which is a must pass ndaa the defense authorization

00:12:53.200 which is must pass they try to slip it into the big beautiful bill which for the republican party

00:12:57.220 President Trump must pass. You know, you've been in these fights as we shut those alternatives down

00:13:04.540 because it gave them totally free ability to do anything they want, and that's dangerous,

00:13:09.800 and these people are dangerous. And shutting that down, then the states, Governor DeSantis,

00:13:14.300 others kind of stepped up and said, no, we have to have some, our citizens have to have some

00:13:19.060 protection. Now they've come back, and they have this 300-page bill, and it's a little bit of a

00:13:25.500 Rubrik's Cube, I think. And the timing of it, they're dropping it because they want something

00:13:31.600 passed that gives some sort of lease framework of regulatory, even if it's not there, but gives you

00:13:39.060 the performance art of some sort of regulatory apparatus, quite frankly, so they can slip through

00:13:46.680 an IPO window. And these are massive public offerings. I don't think anything's, you're

00:13:51.360 basically the equivalent of doing a public offering in the 1840s for steam engine, right?

00:13:59.360 And they're letting you have a taste of it. These are massive public offerings. The scale of this

00:14:03.420 Musk is orders of magnitude, the biggest public offering that's ever occurred. There's others.

00:14:11.140 Just always remember, they ain't taking this public to let you participate in the upside.

00:14:16.100 that is not what they're doing they're trying to go to every pension fund all your 401ks everything

00:14:21.860 and make sure that you are at risk with them what they are going to do and looking at is try to blow

00:14:27.140 out as much as this much of it after the public offering as possible and leave the suckers to kind

00:14:33.300 of hold it we're going to break all this down because uh you have to be very clear about this

00:14:39.060 we have to look at this very clear right where the incentives are who's doing what and where is

00:14:45.220 at least a modicum of regulatory control so that we don't allow these oligarchs 0.99

00:14:52.060 just to run wild, because run wild they shall. Short break. 1.00

00:14:59.720 For the first time since World War II, our national debt held by the public has exceeded

00:15:04.900 GDP. America, this is a wake-up call. Our sins of the past, reckless government spending

00:15:12.200 have finally caught up to us.

00:15:14.740 So what's next?

00:15:15.980 Higher inflation, higher prices,

00:15:18.020 higher cost of living expenses,

00:15:19.960 and higher interest payments on the national debt.

00:15:23.020 Every dollar Washington spends on interest is a dollar

00:15:26.020 it has to tax, borrow, or print.

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00:16:18.100 and own it from Birchgold. The order says in part, quote, advanced AI capabilities make our nation

00:16:24.920 stronger, but also introduce new national security considerations that require coordinated action

00:16:30.100 across executive departments and agencies. Artificial intelligence already touches many

00:16:35.460 areas of our lives and affects decisions that shape human coexistence. It is also dramatically

00:16:43.860 changing how war is waged. Representative Jay Obernolte, former AI Task Force chair,

00:16:50.480 says it's about time. The president has issued this as a call to action and made it clear that

00:16:56.580 he would like to see this on his desk this year. And as you know, this is what we have been pushing

00:17:01.120 for for the last 18 months to try and instill a sense of urgency in the Congress that this has to

00:17:06.500 be done soon. Representative Obernolte told Fox Business he plans to introduce the Great American

00:17:12.780 AI Act in the coming days, codifying this blueprint. Governments have worried that thanks

00:17:18.100 to advances in synthetic biology, it is easier than ever to develop biological weapons. Now,

00:17:24.300 AI is making it even easier. Artificial intelligence needs to be disarmed.

00:17:33.940 The word is strong, I know, but deliberately chosen because this moment needs words capable

00:17:40.240 of attracting attention, awakening consciences, and indicating paths forward for humanity.

00:17:48.160 Dr. Relman, after the chatbot, gave you detailed instructions for how to release this virus to

00:17:52.340 cause mass murder, a mass casualty event. You said you were so shaken, you took a walk to clear your

00:17:58.320 head. What was going through your mind during that walk? I think this is an ongoing struggle.

00:18:05.100 The companies, of course, have put constraints into their models so that they refuse to answer

00:18:11.040 questions that are clearly motivated by an interest in doing harm. But we all know that

00:18:18.580 there are ways of getting around those refusals and you can you know get around them by pretending

00:18:26.080 to have altruistic or beneficial purposes that that easily fool these models. AI has become

00:18:33.260 exceptionally good at doing biology. Leading language models have surpassed human expert

00:18:41.220 virologists on all sorts of exceptionally difficult questions. Things like bioinformatics

00:18:47.320 and troubleshooting complex experiments.

00:18:49.400 The worry is that these same capabilities could enable novices

00:18:57.260 or perhaps people with some biological background

00:18:59.980 to access a level of capability that previously only existed

00:19:04.560 in the hands of a very small number of governments.

00:19:09.640 Okay, Joe, break those two down because they're bifurcated.

00:19:13.160 One is about the bill.

00:19:14.100 and like i said my take on this bill first blush is it is providing some and he's over nolte's

00:19:23.320 right when he talks it is a sense of urgency that i admire we have to do something we have to codify

00:19:28.220 this um i'm not sure not only does this do it i think this is more of the because remember they've

00:19:36.880 bought everybody in washington or virtually everybody they have more money because there's

00:19:40.880 there's so much money involved here in power you have all the top law firms all the top lobbyists

00:19:46.240 all the top communications firms everybody's conflicting i came and get people to talk about

00:19:52.580 the um on the side of the humans on the side of the homo sapiens because everybody's already

00:19:57.520 bought off they got these huge funds and they're you know putting money into for instance byron

00:20:03.760 donald's these guys down in florida uh the governor's been pretty i think the santa's

00:20:08.640 done a pretty good job on this. Byron Donalds, I think, take the most money from everybody. These

00:20:12.380 AI PACs are there to make sure that they sing the party line, right, and tell you to shut up.

00:20:19.700 So you have Overfell there talking about the urgency of this, but then you've got into a

00:20:23.500 whole nother risk that we've been warning about. Now it's kind of out. So Joe, walk me through it.

00:20:29.620 Yeah, Steve, you know, there's two basic courses of action that are being called for

00:20:33.860 on the Hill. And one is the David Sachs approach, the Marc Andreessen approach. And that is light

00:20:39.920 touch, meaning almost no regulation whatsoever. So that's an easy one. You just simply say no

00:20:44.640 regulation, let industry regulate itself. On the other side, you have those of us who believe that

00:20:49.480 just like airline industries, just like the food industry, all drugs, AI needs to have some level

00:20:58.560 of government oversight and be accountable to the American people through the vehicle of the

00:21:03.300 government. But the problem we run into is, OK, once that door is open, well, which regulations

00:21:08.900 do you put in place? Who is really determining what those regulations are and how stringent they

00:21:15.260 are, what the ultimate effect is? And it's very easy, as you just say, as you just said, for

00:21:20.880 politicians and policymakers of all sorts to be bought off in all of their interests, basically

00:21:28.720 reflecting the money that they're being handed by these companies. It's a very human thing

00:21:33.400 that we have not gotten beyond. And as far as the bioweapon of fear, right, the concern that

00:21:43.320 artificial intelligence systems could enable a novice to create a bioweapon, again, this is very

00:21:49.600 much in parallel to the mythos moment. All of this boils down to the rapidly increasing capabilities

00:21:56.940 of AI systems. And these are dual use systems by their nature. And that means that just as an AI

00:22:04.400 system would be able to write code, so it would be able to analyze existing software for

00:22:11.760 vulnerabilities and write code to exploit it. And this is what Mythos Preview has shown.

00:22:18.160 And then you also have the kind of, it's very much parallel, even the ways in which it's done.

00:22:23.920 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.

00:22:40.700 So it all hinges, Steve. You know, you've got all these forces and it looks like a really complex machine.

00:22:47.340 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.

00:22:55.240 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.

00:23:03.500 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 to hammer out the way to do it.

00:23:19.480 Yeah. And all I'm trying to say is layered on top of that is now there, 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.

00:23:35.620 um a senior vp of government affairs for americans for responsible innovations doug

00:23:42.000 kalidis you join us uh akalidis you join us talk to me about this what you've seen in this uh

00:23:48.000 potential bill that's been laid out today what i take it uh this is just a lick and a promise to

00:23:53.380 try to give us a fig leaf and and and basically get preemption make sure the states are shut down

00:23:59.480 ronda santis is shut down thanks steve you've got the framing right i mean this is the third

00:24:05.480 time they've tried this. And it's the same people who tried a year ago to do 10 years blocking the

00:24:10.520 states from touching AI with no federal standard at all. They came back in December, tried to do

00:24:15.680 it again. You know, a huge coalition of people from basically every political strife and interest

00:24:21.200 said, absolutely not. Literally nobody asked for this. And we shut it down. And they're back a third

00:24:26.620 time because they realized that this is the last hurrah before we go into the summer and the

00:24:31.060 election cycle. So what they've done is they basically reverse engineer, they start with

00:24:36.400 preemption and say, states can't do anything that touches model development, because that's what the

00:24:41.540 big labs really care about. And in exchange, you're going to get a new federal program that's

00:24:47.740 going to, you know, give some visibility into what the companies are developing, you know,

00:24:53.460 use some independent verification organizations, do some labor stuff, you know, 90% of this stuff

00:25:00.060 is just mostly non-controversial.

00:25:02.180 Everybody likes it.

00:25:03.120 No one would object to passing it.

00:25:05.180 There's maybe another 8% that is just, it's good.

00:25:08.440 I like it.

00:25:08.980 I would support it on its own,

00:25:10.360 but it's absolutely not worth tying the hands

00:25:13.360 of the state and local governments,

00:25:15.000 which are the places where the tech companies,

00:25:17.920 for whatever reason,

00:25:19.220 have been unable to really buy off the policymakers.

00:25:22.200 That's where you still have political will.

00:25:24.480 So this is industry coming in,

00:25:26.260 trying to get Congress to lean on

00:25:28.340 the state and local governments

00:25:29.760 which are closer to the people and say, hey, you can't do anything.

00:25:32.960 We're going to do a little bit, but not that much.

00:25:34.860 And for the next three years, which is a really long time in the AI world, that's just going

00:25:40.400 to be it.

00:25:40.860 And that's unacceptable.

00:25:43.800 Doug, when they came to D.C., I think that's the reason they didn't go to the state and

00:25:47.540 local.

00:25:48.140 They don't even believe really in democracy or this republic.

00:25:51.980 They're all techno feudalists, right?

00:25:53.600 When they came to D.C., they looked around and said, this is just a sea of mediocrity.

00:25:57.360 We're going to jam this thing into the big, beautiful bill.

00:26:00.400 That failed.

00:26:01.300 We're going to jam it into the NDAA.

00:26:03.060 Ooh, we're going to have an EO.

00:26:04.920 None of that has worked.

00:26:06.440 They have pure contempt for the people's ability.

00:26:10.000 Remember, we're the deconstruction of the administrative state guys.

00:26:13.360 We don't want another whole layer of bureaucracy unless we need it.

00:26:16.100 On this one, you absolutely have to have something.

00:26:20.240 I just want to go back to this.

00:26:21.440 It's a central part of this bill just to get this another take at preemption

00:26:26.480 so that the states DeSantis and these guys have no say-so?

00:26:30.260 That's a smart read on it.

00:26:31.660 That's certainly the way that I see it.

00:26:33.180 That's anybody who's paying attention

00:26:34.600 in the last couple of years will see this.

00:26:36.800 You know, the leaders of the bill will say,

00:26:38.400 well, this is a 270-some page bill,

00:26:41.420 and, you know, preemption is only one section.

00:26:44.040 This is only like a couple of pages of the bill.

00:26:45.940 You're focusing on the wrong thing.

00:26:47.700 That's the meat of the bill.

00:26:49.280 You know, we've always said,

00:26:50.500 hey, take this preemption part out.

00:26:52.340 Let the states continue to act and protect their people.

00:26:55.200 And we have no problem with this at all, but they're not going to do it.

00:26:57.800 You know, and that shows you all you need to see.

00:27:01.520 No, the reason they're not going to do it, they don't want any form of control at all.

00:27:05.500 And DeSantis and the people in Florida, I think, have done an incredible job.

00:27:09.440 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's, I think at the time, tremendous work.

00:27:23.640 and it didn't go forward.

00:27:26.260 But I think Ron DeSantis and others have done a great job.

00:27:29.680 Now more than ever, this is why the EO the other day was so important.

00:27:34.020 It's not perfect.

00:27:35.620 Directionally, it's good because the first time it actually puts a structure

00:27:39.120 and a process in place, right?

00:27:42.200 It's not perfect.

00:27:43.240 It's voluntary, not mandatory.

00:27:45.120 There is no really, it's kind of shambolic on the other side about who actually,

00:27:48.400 what's the process to approve.

00:27:50.980 And of course, it's only, you know, it's voluntary.

00:27:53.240 It's 90 days or excuse me, it's 30 days now, but it starts a process.

00:27:59.100 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 in looking inside of what's actually going on and absolutely no control.

00:28:14.140 Short break. Back in the moment.

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00:28:45.520 if you owe the irs can garnish your wages levy your bank accounts seize your retirement and

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00:29:00.000 it's a question of when it will act right now tax network usa is offering a completely free

00:29:06.580 IRS research and discovery call to show you exactly where you stand and what they can stop

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00:29:25.500 calling the IRS on your own waives your rights and costs you more money. They are not, and let me

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00:29:38.980 process of settling your tax matters once and for all today call 1-800-958-1000 that's 1-800-958-1000

00:29:50.500 or visit tnusa.com slash bannon for your free discovery call with tax network usa let me repeat

00:30:00.040 800-958-1000. Tell them Bannon sent you. Don't let the IRS be the first to act.

00:30:07.940 Take advantage of first mover advantage. You move.

00:30:13.180 Here's your host, Stephen K. Bannon.

00:30:16.940 Okay, Daniel Cochran joins us once again from the Institute for Family Studies.

00:30:20.800 Daniel, you've had a first pass to this. Your thoughts, sir?

00:30:23.700 I think this bill is largely performative, but it's important to note that the tech

00:30:29.700 bros know they can't get through without burying their preemption language in 260 pages.

00:30:36.120 You know, we started last summer, as you noted, with just basically 10 years of amnesty.

00:30:40.900 They failed at that.

00:30:42.240 They tried again with the NDAA.

00:30:43.920 Our polling showed that 57% of Americans opposed that.

00:30:47.720 So now they're back with 260 pages, and they're trying to bury the lead here.

00:30:52.260 They're trying to disguise their attempts at amnesty, narrower amnesty, but amnesty nonetheless.

00:31:00.260 I think the most important thing to note about this bill is that while it would require greater

00:31:05.460 levels of transparency around catastrophic risk, it does nothing to address a lot of the risk that

00:31:11.360 normal Americans care about. Think about the effects that AI has on kids and families,

00:31:16.480 which we found recently 87% of Americans support. It does nothing to that effect. And the preemption

00:31:23.580 provision, which we can talk about more, creates a legal hook for big tech to draw all kinds of

00:31:29.820 questions and really drag states into court every time they want to impose competent safeguards on

00:31:36.520 these companies. So it's a real, I think it's important to recognize how the tech industry is

00:31:41.500 trying to muddy the waters here to get out of real accountability.

00:31:45.980 Okay, I'm going to go back to Doug in a second, but I want to ask you, because you've been

00:31:48.640 with us for a while, what is the obsession?

00:31:51.160 Explain to the audience, what is their obsession in trying it many different ways?

00:31:57.160 Why had they come back and tried now to bury this?

00:31:59.360 What is so important to them about preemption or what I call amnesty, sir?

00:32:06.440 Well, I think you suggested it in the last segment.

00:32:08.780 And it is that these companies believe that they are essentially the new nation states, right?

00:32:14.880 They are going to usher in kind of the next generation, the next species.

00:32:20.080 And to do that, they have to overcome anything that would prevent them, right?

00:32:24.780 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.

00:32:34.320 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.

00:32:45.660 doug isn't that the heart of the issue you talked about earlier and i said hey they they they don't

00:32:52.920 want to deal with state legislatures they certainly don't want to deal like on the data centers with

00:32:57.020 with local folks you know overturning these town commissions because their concept they don't look

00:33:04.460 at the world in a westphalian framework they look more like renaissance florence or venice where

00:33:10.800 they're a quite medieval people are kind of digital slaves to them and they they are uh these

00:33:16.980 kind of techno uh fascists they they form a new almost political entity hasn't isn't it true that

00:33:23.860 guys like andresen who carries a lot of stroke because he's got a big checkbook they've been

00:33:28.160 working behind the scenes on this thing for months and months and months and make sure the

00:33:32.160 roofs in congress kind of turn the keys over to them uh for a couple of years and so they can

00:33:37.480 steal a march on the people and we can never reverse this? Absolutely. So, I mean, Daniel

00:33:43.480 talked about what happened last year. So after they lost on the Senate floor, 99 to 1, right?

00:33:48.840 Nobody wants this. Within a month, I was in a conference where people from A16Z were talking 1.00

00:33:55.100 about how what they would do was a new version of preemption was exactly what showed up in the

00:34:00.280 bill we saw today, stopping states from doing anything that touches the development of AI

00:34:05.480 models. So this is September of last year. I've talked to friends on the Hill who said they've

00:34:09.580 been coming in every month since then and pushing this and pushing this and pushing this, and it's

00:34:13.880 all they ever talk about. And all of the different think tanks and industry trade associations that

00:34:21.880 they fund are all saying the same thing. So I mean, if you go online and you look at who's

00:34:25.760 actually praising this bill and saying this is what we want, it's all people connected to

00:34:30.540 Andreessen and, you know, the different tech right and the people who are basically, you know,

00:34:37.240 funded or part of the whole A16C ecosystem. So, Daniel, then because these guys have all the

00:34:45.400 money, they have all the lawyers, they have the lobbyists that have two thirds of the media is in

00:34:49.320 their pocket. How then are people in our structure on our 250th anniversary, the commemoration of

00:34:57.340 the start of all this, for the revolutionary generation? How then are the people to combat

00:35:02.060 when you have really oligarchic power and quite frankly, an intensity and an urgency

00:35:08.260 that really touches the dark side? How are people supposed to stand up to this?

00:35:14.120 Well, now's the time. And, you know, Jay Obernolte, they released this as a discussion

00:35:20.080 draft for a reason. I think that's very strategic because they recognize that people like us are

00:35:25.680 are vigilant and on guard. They recognize the anger of the American people, poll after poll,

00:35:31.180 showing growing concerns around AI, especially from younger folks, you know, graduates. I was

00:35:37.600 just listening to a great speech by Senator Hawley last night, and he was talking about

00:35:42.500 how so many people have soured on AI because AI has become a tool of oppression. So how can people

00:35:48.460 resist? Well, let me give you two examples. I think you need to call members of Congress,

00:35:54.440 Call Jay Obernolte's office. Call the House Energy and Commerce Committee. Those are the folks that are writing this legislation. And I think 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.

00:36:11.540 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.

00:36:24.440 doug you know how our system is susceptible to people that have big checkbooks right and can say

00:36:32.520 hey if you're not with me i'm gonna you know give your opponent unlimited amount of money to drive

00:36:37.140 you out of here given the structure that we have today how can people the same question you how do

00:36:42.900 people combat this when when you've got the andrescence and people should understand these

00:36:47.060 are some of the most powerful people in the history of the planet this is a new they believe

00:36:52.660 this a new industrial revolution. I agree with Holly that much of this is used for oppression.

00:36:57.960 How then do you believe we can combat this? I think people need to keep the faith and

00:37:04.220 understand that the power that they have. I mean, look at last summer. I mean, the tech industry

00:37:08.280 in the run up to all this, the line was they don't lose. These guys never lose. Well, they lost and

00:37:13.860 they lost 99 to one on a public vote on the Senate floor. And then they lost again in December when

00:37:20.260 they tried. You know, all the money in the world can't push a policy that 90% of the American

00:37:26.300 people simply don't want. You know, I tell a joke sometimes, you know, if you go around to your

00:37:31.600 friends, your family, your colleagues and say, hey, you know, what do you think about AI? What

00:37:35.520 do you think, you know, government should be doing on AI, if anything? You know, you'll get a bunch

00:37:39.500 of answers. Not one out of 100 people is going to say, what we really need to do is stop the states

00:37:45.900 and local governments from doing things that regulate big tech companies. Literally nobody

00:37:50.440 wants this. And I think the money goes a long way when you're trying to spin an issue, or maybe it's

00:37:55.020 like a 40-60 issue or a 30-70 issue, but this is not that. This is something that literally nobody

00:38:00.340 wants. And that's why I think when people are loud and they let members know that this is not okay,

00:38:06.740 they win. President Lincoln said in the darkest days of the Civil War, if you have the people

00:38:13.500 on your side, you'll ultimately prevail.

00:38:15.480 It was one of the things he worked on, public sentiment, he called it.

00:38:18.660 That's what we have here.

00:38:19.960 Doug, social media and where they go for your website.

00:38:22.940 I want people to immerse themselves in the information around responsible innovation.

00:38:28.760 I'm a Luddite, so I don't know if they're responsible innovations.

00:38:32.440 But I want people to go to your site and check it all out.

00:38:35.960 Where do they go?

00:38:37.180 Thank you.

00:38:37.620 It's at Doug Caledas, first and last name on X, and A-R-I dot U-S.

00:38:43.500 Doug, thank you so much. Daniel, once again, with social media, website, where do people go? We need this Army of the Awakened to immerse themselves in the details here. Where do they go, sir?

00:38:56.460 Go to, so my X handle is Real D. Cochran, and then you can find both our polling and other information at instituteforfamilystudies.org.

00:39:07.780 Thank you, brother. Appreciate you. Great work.

00:39:10.520 joe i i we you know having two experts on here it's just it's amazing you just still down

00:39:19.640 the what the 378 pages or 278 pages and they're just doing the same thing again

00:39:28.240 this audience remembers last last summer president trump had to get the big beautiful bill because

00:39:34.860 this whole economic program. It was the must-pass piece of legislation for President Trump's

00:39:41.800 second term, I think he would tell you, at least at the time. They slipped it in there,

00:39:47.820 and we had 48 hours of a firestorm. The Warren Posse stepped up. It was just incredible. And in

00:39:55.000 the middle of night, because of Marsha Blackburn, in the middle of the night, literally at two o'clock

00:39:59.640 in the morning they voted on something ted cruz had sponsored 99 to 1 against a complete blowout

00:40:07.040 uh i mean a face plant and the whole their mantra was we never lose we never lose that's the

00:40:14.380 arrogance they come back 60 days later and try to slip it in to the ndaa because that is must pass

00:40:21.400 in order for the troops to get uh uh paid uh the uh the head of the armed service committee rogers

00:40:28.900 the guy that tried to punch out Matt Cates on the floor.

00:40:31.980 He said he comes out of his office, there's a million reporters,

00:40:34.520 and they're all screaming.

00:40:35.440 And, of course, the Warren Posse's been lighting up his phone.

00:40:37.240 He says, hey, I don't know what these guys are doing,

00:40:40.880 but it's not going in the spill.

00:40:42.320 Boom.

00:40:42.760 Then they tried the executive order, the first one with the president.

00:40:46.080 They keep losing.

00:40:47.400 And this whole dog and pony show, brother, is to slip in one thing, preemption.

00:40:53.520 So that tells me we got him.

00:40:56.240 We've smoked them out about exactly what they don't want to face.

00:41:00.320 And now more than ever, we have to triple down on this, Joe Allen.

00:41:06.580 Steve, it's very clear that the national framework is going to be extraordinarily important,

00:41:12.900 but it's not coming this year.

00:41:15.040 It's probably not coming next year.

00:41:17.060 And so it's at the state level, it's at the local level,

00:41:20.600 that you have any possibility for restraining the worst effects of the technology.

00:41:25.680 You can see in the bill that just passed just a couple of days ago in Illinois, very similar to SB 53 in California or the Rays Act in New York.

00:41:35.520 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,

00:41:47.260 transparency as to how these systems are tested, how they're evaluated, how these digital brains

00:41:53.660 are interrogated, basically, and then some path to hold them accountable. And then you have all

00:41:59.560 the other concerns, child protection. All this is encoded in Ron DeSantis' AI Bill of Rights,

00:42:05.540 but child protection, deep fakes. You have the copyright protections in the Elvis Act in Tennessee.

00:42:11.680 You have the more exotic stuff like the no AI personhood legislation in Ohio and Missouri.

00:42:21.120 So all of this you see and you really see it come to life in the data center fights on the local level.

00:42:28.120 And so, yeah, they want to do anything possible to neutralize those decentralized local responses.

00:42:35.000 And, yeah, it's not going to happen.

00:42:36.500 And just looking at Daniel Cochran and Doug Casidas, these are not guys on the same side of the political aisle, but they are on the side of people.

00:42:46.580 Yeah, that's what I'm saying. It's bringing the country together in an odd way.

00:42:49.760 The first three examples, this is the tragedy of DeSantis with Perez, this House Speaker that shut that down.

00:42:56.260 Now Perez is being nominated for ambassador to Brazil.

00:42:59.340 Please go. Let's get him approved tomorrow and get him out of there.

00:43:02.000 if you notice the first three you talked about california new york and illinois not exactly

00:43:07.280 friendly to american business or industry i understand that de santa's actually had i think

00:43:13.860 something that had pretty well thought through enough balance in there but protect the people

00:43:18.940 and put a lot of onus on the on tech and and governor de santa as you know florida and texas

00:43:24.240 are the railheads of this texas because of elon musk and some of the other technology guys down

00:43:29.600 there and the bush apparatus not as far advanced as governor de santis is but this is the tragedy

00:43:35.020 of what the house speaker did but not even bringing it up for a vote we're going to spend

00:43:38.660 more time on that but the lesson for today is that the war and posse we have to get collectively we

00:43:45.120 have to get a lot smarter this is a bet humanity technology they're working on right now bet a bet

00:43:52.380 the bet on homo sapiens, about surpassing homo sapiens. And you, this audience, are the guardians

00:44:01.600 of this. The guardians of this. Short commercial break. Joe on the other side.

00:44:12.100 Fellow patriots, the Federal Reserve has portrayed America for over a century,

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00:45:08.080 Go to Insider2026.com, that is Insider2026.com, to get Jim Rickards' strategic intelligence newsletter today.

00:45:19.220 Strategic intelligence, based upon predictive analytics, it's what chairman and CEO throughout the world read, and you should too.

00:45:28.040 War Room, here's your host, Stephen K. Vann.

00:45:31.420 Okay. Medical freedom starts with having resources and instruments that you can use to get your

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00:46:25.480 Now more than ever, also tomorrow, we had EJ on,

00:46:30.860 but I didn't have time to get into the capital markets part,

00:46:33.220 but I will do that tomorrow because it's quite important.

00:46:36.260 Make sure you go to Birch Gold.

00:46:38.420 Two things, totally free, no obligation.

00:46:40.500 Birchgold.com slash Bannon, end of the dollar empire.

00:46:43.820 Most importantly, get to talk to Philip Patrick and the team.

00:46:46.300 Also, if you take your phone out and text Bannon at 989898,

00:46:50.420 you also get to Philip Patrick and the team.

00:46:52.580 talk to him first question just say hey why are central banks now it's up on drudge it's all over

00:46:58.180 daily telegraph financial times a lot of huge stories we broke it for you i don't know six

00:47:03.300 months ago why are central banks buying gold at rates now higher than the buying u.s government

00:47:09.460 securities and philip patrick what does that mean for me and my family's financial security

00:47:16.100 ask them get the answer to that question joe allen you're fighting the good fight brother

00:47:21.680 i i told you what six years ago it was going to come down this is going to come down to money

00:47:26.460 and power folks uh people that uh are oligarchs and are focused on power and focused on money

00:47:34.500 and don't love our republic and particularly don't love the structure of our republic which

00:47:38.500 means you have a say so uh are trying to do a blitzkrieg and roll this thing up and we've

00:47:44.860 stopped them every time. And guess what? We're going to stop them again. We will never, ever

00:47:48.940 fold on this. We will never, ever fold. It's driving them nuts. Joe Allen, your closing

00:47:54.800 thoughts, sir. And where can people get more information on this topic? Steve, the wave is

00:48:00.740 definitely crashing for sure. You've got, again, just to go back through it, you've got the Pope's

00:48:05.340 encyclical on artificial intelligence. You've got the Trump administration's executive order

00:48:10.440 on cybersecurity and artificial intelligence and testing the frontier models, establishing

00:48:17.400 benchmarks for the frontier models. You've got OpenAI pushing their version of policy. You've

00:48:24.120 got these various tech oligarchs, or at least the CEOs, also trying to put their stamp on the

00:48:32.260 legislation that they've fought for a long time to keep from becoming existent at all. But then

00:48:40.420 And, you know, 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 bio enhancement to genetic engineering of the human being at a germline level.

00:49:03.180 They will do everything possible to make sure whatever legislation goes through doesn't impede them with their projects.

00:49:11.360 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.

00:49:18.320 You see it in Obernolte's bill.

00:49:20.580 You see it in OpenAI's policy proposals.

00:49:24.920 They're talking about testing, evaluating artificial intelligence systems.

00:49:29.500 And that's the piece that I'm working on right now.

00:49:31.620 It is really important to understand how quickly artificial intelligence capabilities have increased since November of 2022 when they first released ChatGPT.

00:49:43.840 And that's what I'm really trying to communicate to the readers at Singularity Weekly.

00:49:49.340 Make sure. Tell me where they go right now.

00:49:52.640 Sign up at joebot.xyz, joebot.xyz.

00:49:58.520 Sign up. It's free. Donate if you like.

00:50:00.960 but it is free article will be out sometime probably tomorrow afternoon.

00:50:06.560 So people can't would come to me when we first hired Joe five or six years ago

00:50:10.600 and he would come on and talk about this.

00:50:12.100 And I go,

00:50:12.340 why are you doing this?

00:50:13.120 It's so complex. 1.00

00:50:14.620 Nobody's going to understand this blue collar, 1.00

00:50:16.900 working class, 0.99

00:50:17.920 middle-class audience is not going to have any interest in this.

00:50:20.000 And I said,

00:50:21.320 no,

00:50:21.760 no,

00:50:22.180 no.

00:50:22.720 The battle is coming.

00:50:24.440 The day is coming when this is going to be the most important fight in the

00:50:29.580 history of this country.

00:50:30.960 This is going to be the most important fight.

00:50:33.120 It's not now.

00:50:34.380 It's not next year, but it's coming.

00:50:36.460 And we're going to need an army of the awakened.

00:50:39.020 We're going to need the direct descendants and heirs of the revolutionary generation

00:50:43.640 are going to have to be totally up to speed in order to fight this.

00:50:46.760 And guess what?

00:50:47.800 You're totally up to speed, and we're fighting it,

00:50:49.800 and we're going to get you more up to speed.

00:50:51.000 Joe Allen, thank you so much.

00:50:52.160 I appreciate you.

00:50:53.900 Thank you very much, Steve.

00:50:56.200 Oh, God, these oligarchs, the worst humans on Earth.

00:50:59.640 Let me talk about one of the best humans on Earth, Mike Lindell,

00:51:03.080 the next governor of the great state of Minnesota,

00:51:05.500 although I can't find it in the pages of the Star and Tribune,

00:51:08.580 but that's for another day.

00:51:09.500 I want to talk deals.

00:51:11.740 You're doing a great job on running for governor.

00:51:15.040 We've got to make sure, because you're only going to be there

00:51:17.480 through the time you win, and then you get, I guess,

00:51:20.120 the first January you take over.

00:51:21.780 We've got to get as much Mike Lindell.

00:51:23.260 Your son's great.

00:51:24.080 Your management team's great, but we've got to get the most

00:51:26.340 out of Mike Lindell.

00:51:27.540 Talk to me about deals, sir.

00:51:28.840 they might not give the deals i give steve you know that the war room's had my back for a long

00:51:34.200 time so uh you guys i'm here i'm actually going to a big event tonight all dressed up and i want

00:51:39.340 to get on here first for you all we're running our father's day special this year almost a week

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00:53:08.460 to you guys the war room posse you guys have had our back now i got to go uh go do go do a big

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00:53:22.020 the second hour of the war room is upon us now this year marks a critical moment for our country

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Bannon's War Room - June 04, 2026

Episode 5423： Great American Artificial Intelligence Act of 2026

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