Moratorium

Public Hearing Scheduled as Judge Considers Changes to PHL Variable Moratorium

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A judge in Hartford, Connecticut, has announced plans for a public hearing regarding proposed changes to a moratorium affecting PHL Variable Insurance Company. This development comes amid scrutiny and concerns over the company’s financial practices and their implications for policyholders. The moratorium, initially established to protect clients from potential adverse actions by the insurer, is being revisited in light of ongoing discussions about the company’s financial stability. The scheduled hearing aims to provide a platform for stakeholders, including policyholders and advocacy groups, to express their views on the proposed alterations. Legal representatives for PHL Variable … Read more

Congress Moves to Institute Decade-Long AI Regulation Moratorium, Sparking Concerns Over Consumer Protections and Accountability

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Washington, D.C. — A ten-year prohibition on state laws governing artificial intelligence is embedded in the latest iteration of a sweeping budget proposal championed by Senate Republicans. This moratorium raises alarms among various lawmakers and civil advocacy organizations, who are concerned about the potential implications for consumer protections. Supporters of the provision assert that it will prevent AI companies from being overwhelmed by a patchwork of state regulations. However, critics warn that, if enacted, this measure could exempt major technology firms from essential state-level legal protections for an extended period, all while failing to establish … Read more

R Street’s Adam Thierer Highlights Pragmatic Path for Federal AI Regulation Amid Cruz’s Moratorium Debate

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Washington, D.C. — In a notable discussion surrounding the regulation of artificial intelligence (AI), Adam Thierer from the R Street Institute has provided insights on the current legislative landscape. He expressed an intriguing viewpoint on the recent proposal put forth by Senator Ted Cruz regarding a moratorium on certain AI regulations, which Thierer believes could influence the legislative process in a more favorable direction under existing parliamentary rules. Thierer, a vocal advocate for limited regulation in the AI space, emphasized the importance of a cohesive national strategy on AI. He suggested that while Cruz’s moratorium … Read more

Republicans Face Backlash Over 10-Year Moratorium on State AI Regulations in New Legislative Push

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Washington, D.C. — A contentious provision embedded in a sweeping Republican tax and spending bill has drawn criticism for its apparent ideological contradictions regarding state rights. The 10-year ban on state-level artificial intelligence (AI) regulations signals a significant shift, raising alarms among critics who view it as a federal overreach inconsistent with the party’s usual stance on states’ rights. Republican supporters of the legislation argue that this provision, part of a broader 1,116-page proposal dubbed the “One Big Beautiful Bill,” is designed to prevent a disjointed array of AI laws from emerging across states. However, … Read more