House Majority Leader Steve Scalise is cautioning against overregulating the artificial intelligence industry, fearing it could hinder US growth and allow competitors like China to take the lead. Scalise suggests a targeted approach to address specific problems, differing from Senate Majority Leader Chuck Schumer's proposal for comprehensive regulations and significant funding. The House's bipartisan AI task force is working on a report with policy recommendations, but its Republicans oppose the Senate's approach, making comprehensive legislation unlikely this year.