| 1 | 1 | | 24 LC 128 0244 |
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| 2 | 2 | | Senate Resolution 703 |
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| 3 | 3 | | By: Senators Goodman of the 8th, Gooch of the 51st, Dolezal of the 27th, Albers of the 56th, |
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| 4 | 4 | | Hatchett of the 50th and others |
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| 5 | 5 | | A RESOLUTION |
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| 6 | 6 | | Expressing concerns regarding regulatory overreach impacting the chemical industry and |
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| 7 | 7 | | 1 |
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| 8 | 8 | | urging the federal government to reevaluate proposed restrictions; and for other purposes.2 |
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| 9 | 9 | | WHEREAS, the State of Georgia recognizes the vital role played by the chemical industry3 |
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| 10 | 10 | | in the economic development, national security, and technological innovation of the United4 |
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| 11 | 11 | | States; and5 |
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| 12 | 12 | | WHEREAS, the chemical industry is a cornerstone of our nation's economy, contributing6 |
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| 13 | 13 | | over $600 billion in economic impact, supporting more than half a million jobs, and7 |
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| 14 | 14 | | constituting 25% of the gross domestic product and, in Georgia, supports over 20,000 jobs8 |
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| 15 | 15 | | as a $13 billion industry; and9 |
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| 16 | 16 | | WHEREAS, the chemical industry is instrumental in providing essential products and10 |
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| 17 | 17 | | innovations that drive progress in areas such as housing, infrastructure, healthcare,11 |
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| 18 | 18 | | telecommunications, and clean energy solutions; and12 |
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| 19 | 19 | | WHEREAS, the success of the chemical industry is crucial to maintaining America's global13 |
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| 20 | 20 | | competitiveness and achieving national priorities; and14 |
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| 21 | 21 | | S. R. 703 |
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| 22 | 22 | | - 1 - 24 LC 128 0244 |
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| 23 | 23 | | WHEREAS, recent regulatory actions and proposed restrictions by the Biden administration |
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| 24 | 24 | | 15 |
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| 25 | 25 | | and its agencies have raised concerns about the impact on the chemical industry's ability to16 |
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| 26 | 26 | | innovate, create products, and contribute to the nation's economic growth; and17 |
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| 27 | 27 | | WHEREAS, these new restrictions have the potential to limit access to and increase the cost18 |
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| 28 | 28 | | of essential products, negatively impacting the United States economy, jeopardizing19 |
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| 29 | 29 | | American competitiveness, and delaying progress in industries with urgent and growing20 |
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| 30 | 30 | | needs; and21 |
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| 31 | 31 | | WHEREAS, there are currently 13 proposed new restrictions with the potential to directly22 |
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| 32 | 32 | | impact the chemical industry, ranging from outright bans on certain chemistries to23 |
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| 33 | 33 | | regulations that may render manufacturing unviable or impossible; and24 |
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| 34 | 34 | | WHEREAS, these restrictions may have detrimental effects on the supply chains for vital25 |
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| 35 | 35 | | technologies, including semiconductors, electric vehicles, and modern healthcare26 |
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| 36 | 36 | | applications; and27 |
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| 37 | 37 | | WHEREAS, the proposed restrictions contradict policy priorities set forth by laws such as28 |
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| 38 | 38 | | the Inflation Reduction Act (IRA), Infrastructure Investment and Jobs Act (IIJA), and CHIPS29 |
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| 39 | 39 | | and Science Ac; and30 |
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| 40 | 40 | | WHEREAS, responsible regulation that prioritizes science, promotes innovation, and31 |
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| 41 | 41 | | supports supply chain resiliency is essential to achieving national goals.32 |
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| 42 | 42 | | NOW, THEREFORE, BE IT RESOLVED BY THE GENERAL ASSEMBLY OF33 |
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| 43 | 43 | | GEORGIA that:34 |
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| 44 | 44 | | S. R. 703 |
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| 45 | 45 | | - 2 - 24 LC 128 0244 |
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| 46 | 46 | | (1) The Georgia General Assembly expresses concern about the potential adverse impact |
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| 47 | 47 | | 35 |
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| 48 | 48 | | of regulatory overreach on the chemical industry and its contributions to the nation's36 |
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| 49 | 49 | | economic prosperity;37 |
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| 50 | 50 | | (2) The Georgia General Assembly calls on the Biden Administration, federal agencies,38 |
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| 51 | 51 | | and Congress to reevaluate proposed restrictions on the chemical industry, ensuring that39 |
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| 52 | 52 | | regulations are based on sound science, promote innovation, and support supply chain40 |
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| 53 | 53 | | resiliency; and41 |
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| 54 | 54 | | (3) The Georgia General Assembly urges the Administration, Federal agencies, and42 |
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| 55 | 55 | | Congress to support frameworks that celebrate innovation and accelerate progress in the43 |
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| 56 | 56 | | chemical industry.44 |
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| 57 | 57 | | BE IT FURTHER RESOLVED that the Secretary of the Senate is authorized and directed45 |
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| 58 | 58 | | to make appropriate copies of this resolution available for distribution to the President of the46 |
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| 59 | 59 | | United States, the Georgia Congressional delegation, and relevant federal agencies to inform47 |
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| 60 | 60 | | them of the concerns and recommendations expressed herein.48 |
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| 61 | 61 | | S. R. 703 |
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| 62 | 62 | | - 3 - |
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