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[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 153 Introduced in House (IH)]

107th CONGRESS
  1st Session
H. CON. RES. 153

   Commending the Council for Chemical Research for publishing a new 
 study, entitled ``Measuring Up: Research & Development Counts in the 
                          Chemical Industry''.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                              June 7, 2001

 Mr. Manzullo submitted the following concurrent resolution; which was 
                  referred to the Committee on Science

_______________________________________________________________________

                         CONCURRENT RESOLUTION

 
   Commending the Council for Chemical Research for publishing a new 
 study, entitled ``Measuring Up: Research & Development Counts in the 
                          Chemical Industry''.

Whereas the Council for Chemical Research is a membership organization 
        representing industry, academia, and government, formed in 1979;
Whereas the council's mission is to encourage high-quality education in the 
        chemical sciences and engineering, and to promote research in chemistry-
        based sciences, engineering, and technology that benefits the Nation, 
        through productive interactions among the industrial, academic, and 
        governmental research sectors;
Whereas in May 2001, the council published a new study, entitled ``Measuring Up: 
        Research & Development Counts in the Chemical Industry'', which, for the 
        first time, quantifies the return on investment in chemical research and 
        development;
Whereas according to the study, chemical research and development plays a 
        critical role in the United States economy and generates a strong return 
        on investment for American institutions;
Whereas in 1998 the chemical industry generated $68,000,000,000 in exports, 
        which comprised 10 percent of all United States exports;
Whereas the United States' recent economic growth resulted largely from 
        increases in ``knowledge capital'' in a variety of industries;
Whereas research and development is the catalyst for economic growth in the 
        chemical industry and other industries;
Whereas the chemical industry is a major building block of the United States 
        economy, having grown steadily and become a world leader in scientific 
        advances even in the face of increasing global competition;
Whereas a substantial number of globally beneficial, breakthrough advances have 
        emerged from United States chemical laboratories;
Whereas these breakthrough advances in chemical research have established the 
        foundation for advances in agriculture, transportation, housing, 
        electronics, communications, biochemistry, national defense, 
        environmental protection, and other fields;
Whereas none of these fields can alone sustain the research and development 
        necessary to achieve scientific advances for the economic and social 
        well-being of the Nation;
Whereas on average, every dollar invested in chemical research and development 
        produces $2 in corporate operating income over a period of 6 years--an 
        average annual return of 17 percent after taxes;
Whereas chemical patents in the United States have a higher incidence of linkage 
        to scientific papers than other patents--roughly 6 science references 
        per chemical patent, the high end of the range for patents of all 
        industries; and
Whereas sustained research and development investments will provide the 
        technological base for the Nation's bright future: Now, therefore, be it
    Resolved by the House of Representatives (the Senate concurring), 
That the Congress commends the Council for Chemical Research for 
publishing a new study, entitled ``Measuring Up: Research & Development 
Counts in the Chemical Industry'', which, for the first time, 
quantifies the return on investment in chemical research and 
development.
                                 <all>
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