Rep. Subramanyam Says Federal Data Center Plan Is Needed
Channel: Bloomberg Television
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Read a transcript preview of “Rep. Subramanyam Says Federal Data Center Plan Is Needed” from Bloomberg Television, uploaded on 2026-11-05.
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Language: English (creator captions)
[0:00] Financial markets are incredibly concerned that not just you and your
[0:02] colleagues who are about to take the House majority, but the Democrats that
[0:05] won in state and local elections across the country are going to put a huge
[0:10] bucket of cold water on the data center boom that has powered these markets and
[0:15] the economy. Are they right to be worried?
[0:18] Well, all we're trying to do is make sure that data centers don't steamroll
[0:22] communities by building them next to homes and schools, by building power
[0:26] lines through those homes and schools, by making the communities pay for their
[0:30] power. The data center industry can find ways
[0:34] to still build data centers, but they're not going to do it at the expense of the
[0:38] American people in some of these communities.
[0:40] That's all we're saying. And so we're not saying that we're never
[0:43] going to build data centers ever again. We're never going to let that.
[0:46] But we are saying we're not going to do it the way that it's being done right
[0:49] now, which is not good for communities. Well, and obviously, a lot of this
[0:52] decision making will come down to localities and whether or not they want
[0:56] to be able to approve projects in those areas.
[1:00] But what should we expect in terms of federal action?
[1:03] Is there going to be legislation introduced as soon as you get back for
[1:06] the lame duck. As soon as, uh, January comes