WASHINGTON, D.C. (July 1, 2025) — The following is a statement from Leslie Van Buskirk, President of the North American Securities Administrators Association (NASAA) and Wisconsin Securities Administrator, on the U.S. Senate’s vote to remove a provision from the 2025 budget reconciliation bill that would impose a moratorium on enforcing state-level artificial intelligence (AI) laws or regulations:
“Today, the U.S. Senate voted 99-1 to remove a provision from the Senate version of the budget reconciliation bill that effectively would prohibit the enforcement of most state laws and regulations governing uses of artificial intelligence. NASAA applauds the Senate for sending a clear message that the states should not be forced to make an impossible choice between enforcing laws that foster innovation and fight fraud and accepting federal funding to expand broadband access.”
Access NASAA’s letter to Congress.
– NASAA–
About NASAA:
Organized in 1919, the North American Securities Administrators Association (NASAA) is the oldest international organization devoted to investor protection. NASAA is a voluntary association whose membership consists of the securities regulators in the 50 states, the District of Columbia, Puerto Rico, Guam, the U.S. Virgin Islands, the 13 provincial and territorial securities regulators in Canada, and the securities regulator in México. For more information, visit www.nasaa.org.
For More Information:
Fred Baldassaro, Director of Communications
fbaldassaro@nasaa.org | 202-737-0900
Karen Grajales, Manager, Communications and Investor Outreach
kgrajales@nasaa.org | 202-737-0900
