U.S. President Donald Trump comments that Congress intends to regulate the artificial intelligence (AI) industry “out of business.” Both The Economic Times and Channel NewsAsia report on Trump’s characterization of congressional efforts to impose AI-related regulation and his view that such rules would hurt or eliminate industry activity. The reports describe Trump’s stance without detailing specific provisions of the proposed regulation, and they frame his remarks as criticism of the legislative direction he attributes to Congress rather than as a description of any final law. The Economic Times headlines the claim more broadly around Congress’s supposed goal of regulating AI firms out of business, while Channel NewsAsia presents the same core point in the context of Trump’s statement. Across the two accounts, the common element is Trump’s argument that AI regulation advanced or pursued by Congress would damage the sector. Neither outlet, based on the provided material, identifies the bill names, timelines, or the exact regulatory requirements Congress would impose, focusing instead on Trump’s public allegation and its implication that he opposes the approach.