Newborn Investment Accounts Proposed in Federal Legislation

A new federal proposal aims to provide every newborn American child with a tax-deferred investment account seeded with a $1,000 government contribution. The initiative, part of a broader legislative package, is designed to promote long-term financial security and early market participation.

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U.S. Senate Hearing on AI Policy Highlights Industry Concerns

On May 8, the U.S. Senate Committee on Commerce, Science, and Transportation held a hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation.” Testifying were leaders from major tech companies, including OpenAI CEO Sam Altman, AMD CEO Dr. Lisa Su, and Microsoft President Brad Smith. The discussion focused on the need for increased U.S. investment in AI infrastructure, concerns over export controls, and the importance of maintaining a competitive edge against global rivals, particularly China.

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