SYNOPSYS, INC. for SYNOPSYS, INC.

Taxation/Internal Revenue Code TAX

Issues related to tax treatment, including H.R. 7024 Tax Relief for American Families and Workers Act of 2024 (provisions related to R&D amortization).

Contacted: HOUSE OF REPRESENTATIVES; SENATE

Bills named: H.R. 7024 (118th)

Defense DEF

Issues related to ensuring a trustworthy supply of semiconductors to the Department of Defense, including implementation of P.L. 118-31, the National Defense Authorization Act of FY2024 (provisions related to semiconductor supply).

Contacted: Natl Security Council (NSC); Defense, Dept of (DOD); SENATE; HOUSE OF REPRESENTATIVES

Education EDU

Implementation of the CHIPS and Science Act (Public Law 117-167), including provisions related to workforce development and STEM education for semiconductor and software fields

Contacted: HOUSE OF REPRESENTATIVES; State, Dept of (DOS); Defense, Dept of (DOD); SENATE; Natl Security Council (NSC); Commerce, Dept of (DOC)

Budget/Appropriations BUD

Issues related to semiconductor design and R&D, including artificial intelligence (A.I.). Implementation of P.L. 117-167, the CHIPS and Science Act (including provisions related to semiconductor R&D and the National Semiconductor Technology Center and P.L. 118-42, the Consolidated Appropriations Act of 2024 (provisions related to semiconductor funding and R&D appropriations).

Contacted: Commerce, Dept of (DOC); SENATE; HOUSE OF REPRESENTATIVES

Trade (domestic/foreign) TRD

Issues related to international trade rules, U.S.-China relations, export controls - including amendments to Export Administration Regulations (EAR), and outbound investment, including S.2678 Outbound Investment Transparency Act of 2023 (all provisions)

Contacted: Intl Trade Administration (ITA); Treasury, Dept of; Commerce, Dept of (DOC); SENATE; Natl Security Council (NSC); HOUSE OF REPRESENTATIVES

Bills named: S. 2678 (118th)