President Trump Signs Law with Over $1 Billion of AI Funding, and US Rescinds Chip Export Restrictions to China — AI: The Washington Report
By Bruce D. Sokler, Alexander Hecht, Christian Tamotsu Fjeld, Nicole Y. Teo, Mintz, July 11, 2025
On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act, which allocates over $1 billion toward advancing the federal government’s use of AI.
The funding package reinforces the administration’s broader AI strategy, directing federal investments toward federal government operations, while signaling increased support for private-sector AI innovation.
On July 2, the Department of Commerce informed three of the world’s largest electronic design automation (EDA) software developers that the export controls imposed against China in May on advanced chip-design software had been lifted.
This rollback allows companies to resume access to previously restricted exports on chip-design software and technologies to China.
