SYNOPSYS, INC. for SYNOPSYS, INC.

Taxation/Internal Revenue Code TAX

Issues related to tax treatment and competitiveness in semiconductor design, including those in P.L. 115-97, the Tax Cuts and Jobs Act (implementation and R&D treatments (Section 174)) and H.R. 7024 Tax Relief for American Families and Workers Act of 2024 (provisions related to R&D amortization).

Contacted: SENATE; HOUSE OF REPRESENTATIVES

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

Defense DEF

Issues related to ensuring a trustworthy supply of semiconductors to the Department of Defense, including Department of Defense appropriations, the Defense Advanced Research Projects Agency (DARPA), DOD Microelectronics Commons, the Trusted and Assured Microelectronics Program (T&AM), implementation of P.L. 118-31, the National Defense Authorization Act of FY2024 (provisions related to semiconductor supply), H.R. 8070 Servicemember Quality of Life Investment Act and National Defense Authorization Act (NDAA) for Fiscal Year 2025 (provisions related to semiconductor supply).

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

Bills named: H.R. 8070 (118th)

Trade (domestic/foreign) TRD

Issues related to international trade rules, U.S.-China relations, and export controls including H.R. 8315 Enhancing National Frameworks for Oversears Restriction of Critical Exports Act (all provisions), H.R. 8152 Remote Access Security Act (all provisions); implementation of P.L. 115-232 Export Control Reform Act (integrated circuits (ICs) specific provisions), amendments to Export Administration Regulations (EAR), and outbound investment, including S.2678 Outbound Investment Transparency Act of 2023 (semiconductor provisions), implementation of the Executive Order on Addressing U.S. Investments in Certain National Security Technologies and Products in Countries of Concern.

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

Bills named: H.R. 8152 (118th), H.R. 8315 (118th), S. 2678 (118th)

Labor Issues/Antitrust/Workplace LBR

Issues related to competition policy; implementation of the CHIPS and Science Act (Public Law 117-167) (provisions related to workforce development, semiconductor R&D, STEM education for semiconductor and software fields, and International Technology and Security and Innovation Fund (ITSI)).

Contacted: HOUSE OF REPRESENTATIVES; Natl Science Foundation (NSF); Commerce, Dept of (DOC); Office of Science & Technology Policy (OSTP); Defense, Dept of (DOD); SENATE