A federal proposal that would ban states and local governments from regulating AI for 10 years could soon be signed into law, as Senator Ted Cruz (R-TX) and other lawmakers work to secure its inclusion into a GOP megabill ahead of a key July 4 deadline. Those in favor — including OpenAI’s Sam Altman, Anduril’s Palmer Luckey, and a16z’s Marc Andreessen — argue that a “patchwork” of AI regulation among states would stifle American innovation at a time when the race to beat China is heating up. Cri...