I agree with Sacks.

Amodei's conception of regulation is difficult to distinguish economically from some form of regulatory capture, protectionism, or rent-seeking in the face of limited infrastructure and resources and intense regional competition.

It doesn't make sense given that the US does not have a monopoly on AI development and regulation would put US companies at a disadvantage, especially given the US's hegemony is debatably potentially over. The idea of US using regulatory sway requires that the US can influence the entire ecosystem, from access to capital to semiconductor development to allied export controls. That world is probably over.

The US has lost its grip on all of these threads and China has picked up the slack. This is like trying to put the genie back in the bottle with one hand tied behind your back.