Chemical industry; potential adverse impacts of regulatory overreach; express concern
Impact
The resolution raises alarms over recent regulatory actions initiated by the Biden Administration, which may hinder the chemical industry's ability to innovate and sustain its contribution to the economy. It points out that 13 proposed restrictions are likely to have direct impacts on the chemical sector, including outright bans on certain chemicals and regulations that could jeopardize manufacturing viability. Such regulatory measures are anticipated to increase costs and limit access to essential products, ultimately influencing broader economic conditions and supply chains.
Summary
House Resolution 1356 expresses concern regarding the potential adverse effects of regulatory overreach on the chemical industry. This resolution emphasizes the significance of the chemical sector in the economic development of Georgia and the nation, highlighting its contributions to job creation, innovation, and technological advancement. The resolution underscores that the chemical industry supports a substantial economic footprint, representing a $13 billion industry in Georgia alone, crucial for national security and competitiveness.
Contention
Notably, this resolution calls for the reevaluation of these proposed restrictions to ensure that regulations are scientifically grounded and foster innovation in the chemical industry. Supporters of the resolution advocate for regulatory frameworks that not only protect public interests but also bolster supply chain resilience in critical sectors. This indicates a tension between efforts to safeguard health and the environment and the need to maintain robust economic performance and technological advancement within the chemical industry.
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