IV

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
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•HCON 153 IH

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;
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•HCON 153 IH

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

1 Resolved by the House of Representatives (the Senate

2 concurring), That the Congress commends the Council for

3 Chemical Research for publishing a new study, entitled

4 ‘‘Measuring Up: Research & Development Counts in the

5 Chemical Industry’’, which, for the first time, quantifies

6 the return on investment in chemical research and devel7 opment.

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