Regulations are good when they're made by smart people who are experts in what they're regulating, with an eye toward creating an environment of fair competition, and perhaps protecting US interests for things like export controls, etc.

Regulations are bad when they are made from a position of emotion, partisan hackery, protectionism of either incumbents as we are likely to see here or specific industries/sectors, or written by out of touch, mentally declining octogenarians (I don't mean Biden, I mean half of Congress, of both parties).

Are there any executive agencies or legislative committees qualified to regulate development of AI? I just mean on basis of knowledge and education, not authority.