Broad Permission Granted

A less likely but plausible outcome is that the FCC accepts a First Amendment argument and permits unsolicited AI political robocalls if they carry clear disclosures. This would be a material regulatory change for political communications vendors, while telecom carriers would face heavier spam-filtering and consumer-complaint pressure.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.