To repeal the Executive order entitled "Ensuring a National Policy Framework for Artificial Intelligence".

HR8031, the GUARDRAILS Act, was introduced on March 20, 2026 by Rep. Beyer (D-VA) with 34 cosponsors. The bill repeals the December 11, 2025 Executive Order titled 'Ensuring a National Policy Framework for Artificial Intelligence,' stripping the federal government's coordinating policy for AI development. The bill has been referred to the House Committees on Energy and Commerce and the Judiciary, and a companion bill (S4216) has been introduced in the Senate. This is early-stage legislation with low immediate passage probability, but its introduction signals growing legislative opposition to a centralized federal AI framework. The bill authorizes zero dollars — it is purely a repeal measure. No funding is involved; the mechanism is a prohibition on federal funds being used to implement the Executive Order. The key consequence is a policy vacuum: without the Executive Order, there is no single federal strategy coordinating AI investment, R&D priorities, or regulatory standards. This increases uncertainty for companies whose growth depends on clear federal AI policy direction. The primary loser is NVIDIA (NVDA), the dominant supplier of AI training and inference accelerators. NVDA's Data Center revenue is highly sensitive to enterprise and hyperscaler capital expenditure cycles, which benefit from policy visibility. The loss of a national AI framework introduces execution risk for large-scale federal AI initiatives and may cause some customers to pause investment. NVDA is currently trading at $202.04, down -2.99% over the past 7 days, but still up +15.85% over 30 days. The stock peaked at $216.61 on April 27 and has since declined, suggesting the market is already pricing in some softening of AI momentum. Other AI-related companies (AMD, SMCI, MSFT, GOOGL) face similar headwinds but with less direct exposure than NVDA. AMD's MI300X and future AI accelerators are gaining traction but still trail NVDA in market share. SMCI's server business depends on NVDA GPU availability. MSFT and GOOGL have diversified revenue streams beyond AI hardware procurement. The legislative path forward: the bill must pass both House committees, the full House, and the Senate — a low probability in the current divided Congress. Near-term market impact is limited but the risk vector is real.