Congress

36 statements across 32 episodes · 11 bullish · 18 bearish · 17 people on the record · first statement Oct 3, 2020 by David Sacks · across every show →

Everything said about Congress, oldest first

Oct 3, 2020 negative
Prediction Not checkable as stated
Sacks: Biden will sign whatever legislation Congress passes if Democrats win
“Those left elements will drag his sort of center to further to the left and will end up with sort of a compromise. And I think at the end of the day, if the Democrats win Congress, he'll sign whatever they pass.”
David Sacks Oct 3, 2020 ▶ 34:52 E9: Trump has COVID, First debate reactions, Coinbase letter response & more
Jan 23, 2021 negative
Assertion Supported
Sacks: Adam Schiff introduced a bill creating a domestic Patriot Act
“Now we have in Congress a bill put forward by Adam Schiff that basically would create a domestic Patriot Act to create giant new surveillance powers for the state to go after people they deem to be traitors and seditionists and domestic terrorists.”
David Sacks Jan 23, 2021 ▶ 8:34 E18: Inauguration talk, breaking down the $1.9T stimulus, the case for recalling Gavin Newsom & more
Nov 6, 2021 positive
Prediction Held up
Sacks: Federal infrastructure bill will sail through post-2021 elections
“I think what's going to happen in the wake of this election is that this infrastructure bill is going to sail through because one of the crazier things that the progressives were doing was holding that bill hostage.”
David Sacks Nov 6, 2021 ▶ 1:13:46 E54: Spread trading big tech, capital allocation, Zillow's misfire, Progressives suffer losses
Dec 17, 2021
Assertion Contradicted
Palihapitiya: Nancy Pelosi is the third or fourth richest member of Congress
“Nancy Pelosi is, I think, the third or fourth richest person in Congress.”
Chamath Palihapitiya Dec 17, 2021 ▶ 1:01:05 E59: Twitter's content warning algo, equity audits, politicians trading stocks, Fed's next move
Dec 17, 2021 negative
Assertion Supported
Sacks: Congressional STOCK Act violations carry a $200 fine that is routinely waived
“It's something like a 200 dollar fine or something like that, that gets waived in most of these cases.”
David Sacks Dec 17, 2021 ▶ 57:49 E59: Twitter's content warning algo, equity audits, politicians trading stocks, Fed's next move
Jan 22, 2022 neutral
Assertion Not checkable as stated
Khan: Congress intended antitrust enforcers to intervene in early concentration
“There's also indication that Congress wanted enforcers not just to act when, you know, the third and fourth companies are merging or the first and second, but actually in the incipiency.”
Lina Khan Jan 22, 2022 ▶ 23:49 E64: Antitrust standards & enforcement, tech repricing, lab leak obfuscation, E63 reactions & more
Jun 24, 2022 neutral
Prediction Not checkable as stated
Palihapitiya: Crypto regulatory gray area will persist without congressional action
“We need Congress to pass some legislative framework that puts the puck in one side of the arena, a rink or the other. And otherwise, otherwise all this gray is going to exist for a long time.”
Chamath Palihapitiya Jun 24, 2022 ▶ 1:02:21 E84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
Nov 5, 2022 neutral
Prediction Held up
Sacks: Congressional Republicans will focus on investigations rather than legislation
“The other thing that's going to happen is Republicans may not be able to pass much legislation, but they're going to be able to do investigations.”
David Sacks Nov 5, 2022 ▶ 59:12 E103: Tech layoffs surge, big tech freezes hiring, optimizing for profits, election preview & more
Feb 17, 2023 negative
Assertion Partly supported
Sacks: Congress passed 2017 rail safety deregulation affecting train brake upgrades
“Congress back in 2017 passed deregulation of safety standards around these train companies so that they didn't have to spend the money to upgrade the brakes that supposedly failed that caused it.”
David Sacks Feb 17, 2023 ▶ 17:54 E116: Toxic out-of-control trains, regulators, and AI
May 5, 2023 positive
Assertion Supported
RFK Jr.: Congress passed protective laws based on Edward Snowden's disclosures
“Edwin Snowden released documents that showed us that we were all being spied upon, and that's important for Americans to know, and in fact, it was so important That Congress passed laws based upon his revelations to protect the American people.”
Robert F. Kennedy Jr. May 5, 2023 ▶ 42:18 In conversation with Robert F. Kennedy Jr.
Jun 10, 2023 bearish
Prediction Not checkable as stated
Chamath: Lack of political support will force US crypto companies offshore
“That said, I just don't think that there's a lot of political support to visit this issue right now. And so unfortunately, I'm pretty skeptical that you're going to see any form of legislation pass. I unfortunately think that The sec has by and large put the e…”
Chamath Palihapitiya Jun 10, 2023 ▶ 20:46 E132: SEC goes after crypto giants, Sequoia splits, LIV/PGA, Messi's deal + LIVE Q&A!
Sep 8, 2023 negative
Prediction Not checkable as stated
Christie: Congress will never pass revolving door restrictions on itself
“It'll never apply to Congress because they'd have to pass it for it to apply, and it will never happen.”
Chris Christie Sep 8, 2023 ▶ 49:48 In conversation with Chris Christie
Sep 12, 2023 positive
Disclosure
Khanna proposes congressional term limits, lobbying bans, and stock trading bans
“The second one was this political reform proposal where I said, you know, let's have term limits for members of Congress and senators. Let's not have any corporate PAC money or any PAC money, any lobbyist. Let's have term limits for Supreme Court justices. Let…”
Ro Khanna Sep 12, 2023 ▶ 17:25 All-In Summit: Ro Khanna on China, political reform, major challenges facing the US and more
Oct 7, 2023 positive
Prediction Not checkable as stated
Chamath says 12 individual spending bills would cut US spending by half
“The best thing we could do for America is just force all of these folks in Congress to negotiate 12 bills a year, keep them busy, focus on those bills, get to a, like a compromise, get it to the Senate, get it voted, get it to the president's side. That's it. …”
Chamath Palihapitiya Oct 7, 2023 ▶ 20:34 E148: McCarthy ousted, border chaos, Cruise's robotaxi "accident" & more
Nov 17, 2023
Assertion Partly supported
Friedberg: Only 11 members of US Congress hold an engineering degree
“And only 11 members of Congress have an engineering degree.”
David Friedberg Nov 17, 2023 ▶ 45:15 In conversation with Dean Phillips
Nov 17, 2023 negative
Assertion Not checkable as stated
Phillips estimates only five members of Congress can read a financial statement
“There's not a, there may be five people that can read a P&L or a balance sheet in the whole damn Congress.”
Dean Phillips Nov 17, 2023 ▶ 1:08:15 In conversation with Dean Phillips
Feb 2, 2024 bearish
Prediction Open · timeframe Feb 2027
Palihapitiya: Congress likely to narrow Section 230 liability within 3 years
“I don't think that the Section two 30 rewrite is going to be broad and sweeping. What I noticed from a bipartisan perspective by both the Democrats and the Republicans is that the one single narrow issue that they all seem to align on is not necessarily about …”
Chamath Palihapitiya Feb 2, 2024 ▶ 16:27 E164: Zuck’s Senate apology, Elon's comp package voided, crony capitalism, Reddit IPO, drone attack
Apr 9, 2024 positive
Opinion
Ro Khanna: Congressional term limits and lobbyist bans are common sense
“You know, let's have term limits for members of Congress and senators. Let's not have any corporate PAC money or any PAC money, any lobbyists, and also ban members of Congress from becoming lobbyists. This was common sense things.”
Ro Khanna Apr 9, 2024 ▶ 10:43 All-In Summit 2023 Recap
Sep 24, 2024 negative
Insight
Sinema: Politicians refuse fiscal sacrifices due to fear of losing re-election
“The solution to those fiscal problems require sacrifice in the short term, and elected officials are not willing to sacrifice anything in the short term because it means that they may not get re-elected. And if their number one goal is to survive, then they're…”
Kyrsten Sinema Sep 24, 2024 ▶ 12:05 Senator Kyrsten Sinema | All-In Summit 2024
Nov 8, 2024 negative
Prediction Held up
Sacks doubts Congress will pass $2 trillion in spending cuts
“Are we gonna get two trillion in cuts like Elon wants? I would love that. I doubt you're gonna be able to pass that through Congress”
David Sacks Nov 8, 2024 ▶ 54:05 Trump wins! How it happened and what's next
Nov 16, 2024 bullish
Prediction Not checkable as stated
Sacks predicts Congress will codify crypto rules, ending SEC enforcement actions
“So, look, the bottom line here is that I think that we are close to having clear rules of the road codified by Congress, which is what the crypto industry's been asking for, and the days of Gensler terrorizing crypto companies by issuing Wells notices without …”
David Sacks Nov 16, 2024 ▶ 1:56 Trump's market impact: Bitcoin, M&A, IPOs + transition picks; Polymarket CEO raided by FBI
Dec 20, 2024 negative
Assertion Not checkable as stated
Levie: Government contractors charge 2.5x the cost of direct employees
“By Congress, they have to hire contractors to do work and the contractors, the contracting firms charge them two and a half times the sort of cost of an individual employee that they could otherwise hire.”
Aaron Levie Dec 20, 2024 ▶ 28:57 DOGE kills its first bill, Zuck vs OpenAI, Google's AI comeback
Jan 19, 2025 bullish
Prediction Held up
Cruz: Congress will extend the expiring 2017 Trump tax cuts
“The 2017 Trump tax cuts are expiring this year. We're going to extend them.”
Senator Ted Cruz Jan 19, 2025 ▶ 27:20 Ted Cruz: Trump's First Week, Texas vs. California, Immigration, DOGE, Greenland
Feb 7, 2025 positive
Prediction Didn’t hold up
Sacks: Crypto market structure bill could pass within six months
“I think we could do a revised and updated version this Congress. And that was one of the things they all, the chairman expressed support for. So I think there's a pretty good chance we could get this done in the next six months.”
David Sacks Feb 7, 2025 ▶ 38:52 DOGE vs USAID, Crypto Framework, Google's $75B AI Spend, US Sovereign Wealth Fund, GLP-1s
Feb 7, 2025 positive
Prediction Held up
Sacks: Congress will pass stablecoin legislation in the next several months
“What the four chairman indicated is actually they're going to take up stable coins first. And then market structure will follow very quickly. So I think we could see a stable coin bill past Congress in the next several months.”
David Sacks Feb 7, 2025 ▶ 41:06 DOGE vs USAID, Crypto Framework, Google's $75B AI Spend, US Sovereign Wealth Fund, GLP-1s
Mar 19, 2025 negative
Prediction Not checkable as stated
Bessent: Failing to pass budget causes largest tax hike in US history
“Everybody recognizes that if we don't get this done, it's going to be the biggest, it's pass fail. It's the biggest tax hike in history.”
Scott Bessent Mar 19, 2025 ▶ 41:58 The Shocking Truth About DC Spending & Corruption - Scott Bessent
May 24, 2025 negative
Assertion Supported
Sacks: Allowing 2017 tax cuts to sunset causes massive tax hike
“If we do nothing, you're gonna get the largest tax increase in decades, and it won't just affect the rich. This affects the middle class as well. The 2017 tax cuts increase the standard deduction, which is important for the middle class. It raised the child ta…”
David Sacks May 24, 2025 ▶ 15:34 Bond crisis looming? GOP abandons DOGE, Google disrupts Search with AI, OpenAI buys Jony Ive's IO
May 31, 2025 negative
Opinion
Calacanis: Trump lacks leadership by not pressuring Congress on spending cuts
“I, I'm in complete agreement with you, and I think it's a lack of leadership on Trump's part. If Trump is going to criticize Taylor Swift and Zelensky and Putin and everybody, you know, all day long on Truth Social, he can criticize Congress and the Democrats …”
Jason Calacanis May 31, 2025 ▶ 1:27:41 AI Doom vs Boom, EA Cult Returns, BBB Upside, US Steel and Golden Votes
Jul 4, 2025 neutral
Assertion Not checkable as stated
Friedberg: Executive action cannot cut spending without Congressional statute changes
“You cannot change The spending without a change in statute from Congress.”
David Friedberg Jul 4, 2025 ▶ 37:02 Big Beautiful Bill, Elon/Trump, Dollar Down Big, Harvard's Money Problems, Figma IPO
Aug 9, 2025 negative
Opinion
Shapiro: Congress created the administrative state to escape political accountability
“I'm blaming Congress for having kicked them the authority in the first place. If you're going to place, you know, blame with somebody, you have to give it to the branch that actually abdicated its duty and decided to construct an entirely different branch and …”
Ben Shapiro Aug 9, 2025 ▶ 50:20 OpenAI's GPT-5 Flop, AI's Unlimited Market, China's Big Advantage, Rise in Socialism, Housing Crisis
Oct 1, 2025 positive
Prediction Didn’t hold up
Samani: Congress will pass the Clarity Act by early 2026
“And in the next few months, we expect Congress is going to pass the Clarity Act, which is going to answer a number of open questions about how crypto market structure should be regulated.”
Kyle Samani Oct 1, 2025 ▶ 5:14 Multicoin Capital’s Kyle Samani on Internet Capital Markets
Oct 1, 2025
Assertion Supported
Samani: Most modern financial rules stem from administrative state, not Congress
“And interestingly, most of these rules have come not from Congress, but from the administrative state.”
Kyle Samani Oct 1, 2025 ▶ 2:32 Multicoin Capital’s Kyle Samani on Internet Capital Markets
Oct 2, 2025 positive
Disclosure
Khanna supports congressional stock trading ban and denies controlling wife's trust
“I am totally for a stock trading ban. I've led on that. I don't trade stocks. My wife's money was inherited in trust that I'm no say over, no control over, and it's in a trust.”
Ro Khanna Oct 2, 2025 ▶ 51:44 Ro Khanna Calls Out Both Parties: Immigration, Tech & Free Speech
Mar 18, 2026 negative
Assertion Contradicted
Fetterman says he is the only Democrat advocating to destroy Iran's regime
“I am literally the only Democrat in America in Congress that I've come across that saying, I think it's a great thing to break and destroy the Iranian regime.”
John Fetterman Mar 18, 2026 ▶ 9:27 John Fetterman: 'I'm the Only Democrat in Congress Saying This'
Apr 17, 2026 negative
Assertion Supported
Chamath states Regulation Fair Disclosure does not apply to Congress members
“The reason why Nancy Pelosi's returns are so consistently good is Reg FD does not apply to people in Congress.”
Chamath Palihapitiya Apr 17, 2026 ▶ 1:09:58 OpenAI's Identity Crisis, Datacenter Wars, Market Up on Iran News, Mamdani's First Tax, Swalwell Out
Aug 5, 2026 negative
Assertion Supported
Mavrucas: US Navy fleet shrank to 296 ships, retiring 19 while building 9
“So the US Naval fleet has 296 ships today. There's a congressional mandate, statutory minimum of 355 ships that was set by Congress in 2018. That was eight years ago. Last year, we built nine ships, but we retired 19 naval vessels.”
Dino Mavrucas Aug 5, 2026 ▶ 7:20 China Outbuilds America 230-to-1. Saronic Has a Plan
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