24 LC 128 0244 Senate Resolution 703 By: Senators Goodman of the 8th, Gooch of the 51st, Dolezal of the 27th, Albers of the 56th, Hatchett of the 50th and others A RESOLUTION Expressing concerns regarding regulatory overreach impacting the chemical industry and 1 urging the federal government to reevaluate proposed restrictions; and for other purposes.2 WHEREAS, the State of Georgia recognizes the vital role played by the chemical industry3 in the economic development, national security, and technological innovation of the United4 States; and5 WHEREAS, the chemical industry is a cornerstone of our nation's economy, contributing6 over $600 billion in economic impact, supporting more than half a million jobs, and7 constituting 25% of the gross domestic product and, in Georgia, supports over 20,000 jobs8 as a $13 billion industry; and9 WHEREAS, the chemical industry is instrumental in providing essential products and10 innovations that drive progress in areas such as housing, infrastructure, healthcare,11 telecommunications, and clean energy solutions; and12 WHEREAS, the success of the chemical industry is crucial to maintaining America's global13 competitiveness and achieving national priorities; and14 S. R. 703 - 1 - 24 LC 128 0244 WHEREAS, recent regulatory actions and proposed restrictions by the Biden administration 15 and its agencies have raised concerns about the impact on the chemical industry's ability to16 innovate, create products, and contribute to the nation's economic growth; and17 WHEREAS, these new restrictions have the potential to limit access to and increase the cost18 of essential products, negatively impacting the United States economy, jeopardizing19 American competitiveness, and delaying progress in industries with urgent and growing20 needs; and21 WHEREAS, there are currently 13 proposed new restrictions with the potential to directly22 impact the chemical industry, ranging from outright bans on certain chemistries to23 regulations that may render manufacturing unviable or impossible; and24 WHEREAS, these restrictions may have detrimental effects on the supply chains for vital25 technologies, including semiconductors, electric vehicles, and modern healthcare26 applications; and27 WHEREAS, the proposed restrictions contradict policy priorities set forth by laws such as28 the Inflation Reduction Act (IRA), Infrastructure Investment and Jobs Act (IIJA), and CHIPS29 and Science Ac; and30 WHEREAS, responsible regulation that prioritizes science, promotes innovation, and31 supports supply chain resiliency is essential to achieving national goals.32 NOW, THEREFORE, BE IT RESOLVED BY THE GENERAL ASSEMBLY OF33 GEORGIA that:34 S. R. 703 - 2 - 24 LC 128 0244 (1) The Georgia General Assembly expresses concern about the potential adverse impact 35 of regulatory overreach on the chemical industry and its contributions to the nation's36 economic prosperity;37 (2) The Georgia General Assembly calls on the Biden Administration, federal agencies,38 and Congress to reevaluate proposed restrictions on the chemical industry, ensuring that39 regulations are based on sound science, promote innovation, and support supply chain40 resiliency; and41 (3) The Georgia General Assembly urges the Administration, Federal agencies, and42 Congress to support frameworks that celebrate innovation and accelerate progress in the43 chemical industry.44 BE IT FURTHER RESOLVED that the Secretary of the Senate is authorized and directed45 to make appropriate copies of this resolution available for distribution to the President of the46 United States, the Georgia Congressional delegation, and relevant federal agencies to inform47 them of the concerns and recommendations expressed herein.48 S. R. 703 - 3 -