The presentation will discuss key U.S. export control developments affecting the semiconductor industry, including an explanation of the rationale and nature of important regulatory actions taken in the last two Administrations, such as the major Commerce Department regulation from October 2022. It will also address the recent U.S.-Japan-Netherlands agreement on plurilateral export controls and what to expect from the Biden Administration this year. The presentation will discuss the critical role of Congress regarding U.S. export controls, including ongoing oversight and the prospect for legislation this year. Finally, the presentation will offer perspectives on how industry can best contribute to the policy-making process in Washington.