Why the GAIN Act Is a Net Loss for U.S. Technology

While tomorrow in commerce is opaque, it's presently true that microchips are key to winning the commercial future. In a bid to deprive China of this technology, some well-meaning Republicans are playing right into the CCP’s hands. 

The GAIN AI Act, sponsored by Sen. Jim Banks (R-Ind.) and Rep. John Moolenaar (R-Mich.), has already passed the Senate as part of the annual defense bill. It would essentially give American companies right of first refusal to buy advanced AI chips from American producers before they are exported. 

 

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