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Sound new chemicals program and confidential business information protection vital to
ensuring safety while maintaining U.S. competitive advantage
WASHINGTON (July 11, 2013)
- Craig Morrison, President, Chief Executive Officer and Chairman of Momentive Performance Materials Holdings LLC, and Chairman of the American Chemistry Council's board of directors today
before the House Subcommittee on the Environment and the Economy to deliver the messages that effective chemical regulation must protect health and the environment while also promoting innovation, new product development, growth and competitiveness of U.S. manufacturers.
Craig Morrison, President, CEO and Chairman of
Momentive Performance Materials Holdings LLC,
and Chairman of ACC's board of directors, testified
on behalf of ACC.
Thursday's hearing is the second in a series
to examine the
Toxic Substances Control Act (TSCA)
, the current law that regulates industrial chemicals. The hearing took an in depth look at Sections 5 and 14 of the law, which pertain to the regulation of new chemicals and the protection of confidential business information, respectively.
"Chemistry innovations have transformed modern life and are vital to the survival, growth and competitiveness of American manufacturers. As Congress examines TSCA, ensuring that new chemicals can be evaluated, approved and brought to market in an efficient, timely way and that the intellectual property behind those innovations is protected should be top priorities," said Mr. Morrison.
Mr. Morrison focused his comments primarily on TSCA's New Chemicals program
, highlighting the current program's widely-acknowledged success.
In his testimony, Mr. Morrison pointed out that the advantages created by TSCA's New Chemical program for U.S. innovation and competitiveness are clear: chemical manufacturers invest an average of $11 billion each year in research and development; roughly 20 percent of U.S. patents are chemistry-related; three times more new chemical innovations are brought to market in the United States than in other regions of the world including the European Union and Japan; and taken together with
abundant new domestic natural gas
, support for innovation is creating a strong incentive for the chemical industry to invest in the United States, resulting in over 100 announced new investments that could create 310,000 American jobs by 2020 according to an
Mr. Morrison was joined on the panel by Len Sauers, Vice President of Global Sustainability from ACC member Procter & Gamble. Mr. Sauers also
expressed support for the CBI protections afforded by TSCA
saying that his company heavily relies on them to stay competitive in the United States and in the global marketplace.
ACC President and CEO
welcomed today's hearing and the growing interest in achieving
sound TSCA reform
. "Industry, environmentalists and policymakers agree: it's time to bring our chemical regulatory system into the 21st century. With the introduction of bipartisan Senate legislation to reform TSCA and growing interest in the House, we hope that meaningful reform that will promote health, safety and innovation and growth can finally become a reality."