ICYMI: Sen. Banks Joins America Reports on Fox News ChannelThursday, November 12, 2026

WASHINGTON, D.C. – This afternoon, Senator Jim Banks (R-Ind.) joined America Reports on Fox News Channel to discuss the growing controversy surrounding former Nvidia CEO Jensen Huang and advanced AI chips export control. Click the image above for the full discussion. Key Excerpts on the AI Export Controls: Sen. Jim Banks (R-Ind.): “This news is as concerning as it gets. I served in a war; I served in Afghanistan. When you’re at war with another country, you don’t give them your best technology, and that’s why lawmakers for the past two years have been pushing hard to stop our high-end computer chips from being exported to China. And that’s why my AI Overwatch Act is more important than ever. Last year I had the GAIN AI Act , which would have blocked our chips from being sold to China if American customers wanted to buy them first. Nvidia opposed my legislation a year ago; they have opposed other export control laws. And now we know that the Department of Commerce, Secretary Lutnick, appears to have used loopholes to allow some of these chip sales to occur even though President Trump has directed his administration and the Department of Commerce not to allow that to happen. Not only do I hope for Jensen Huang to come and testify, but I would like for Secretary Lutnick to testify ASAP in front of the Senate Banking Committee. We have a lot of bipartisan questions and concerns over what has happened over the last year that would allow these issues to occur.” “We’ve had concerns about Nvidia and Jensen Huang and their relationship with China for a very long time. I’ve been calling out those concerns for the last couple of years. Nvidia has employed several lobbying firms and spent millions of dollars in Washington, D.C., to lobby against my legislation because I have been trying to crack down on these chip sales to China and how they compromise our national security. The right thing to do is to pass my bill that protects our high-end Blackwell chips that go to China. We are in an AI race with China, and we shouldn’t be helping them win the race on their end; we should be strengthening our hand.” “We need to protect our chips; we need to protect American national security and prevent these companies that largely profit from selling chips to China against our own interest. Pass these export control laws that will prevent this from happening in the future.” ###