SOURCE: American Chemical Society

February 12, 2009 15:23 ET

Chemical Society's President Praises Congress; Urges Continued Support for Science, Energy Funds

WASHINGTON, DC--(Marketwire - February 12, 2009) - American Chemical Society President Thomas H. Lane, Ph.D., today praised Congress for including "significant investments" in scientific research, education and energy in the compromise American Recovery and Reinvestment Act and urged continued support for these "critical provisions" which provide immediate jobs yet help meet the nation's long-term objectives.

In addition to the investment in scientific agencies, Dr. Lane urged support for a $30 billion provision dedicated to new energy technologies. He said this funding would establish a new manufacturing tax credit for investment in energy facilities, such as ones that manufacture components for the production of renewable energy, advanced battery technology, and other innovative next-generation green technologies.

President Lane termed federal investment in the following programs "an essential step to rebuilding our economy and planting the seeds of our future economic growth." They are:

--  $3 billion for the National Science Foundation, for basic research in
    fundamental science and engineering - which spurs discovery and innovation.
--  $1.6 billion for the Department of Energy's Office of Science, which
    funds research in such areas as climate science, biofuels, high-energy
    physics, nuclear physics and fusion energy sciences - areas crucial to our
    energy future.
--  $400 million for the Advanced Research Project Agency-Energy (ARPA-E)
    to support high-risk, high-payoff research into energy sources and energy
    efficiency in collaboration with industry.
--  $580 million for the National Institute of Standards and Technology,
    including the Technology Innovation Program and the Manufacturing Extension
--  $8.5 billion for the National Institute of Health, including expanding
    jobs in biomedical research to study diseases such as Alzheimer's,
    Parkinson's, cancer, and heart disease.

The full text of President Lane's letter to Congressional leaders is available at

The American Chemical Society -- the world's largest scientific society -- is a nonprofit organization chartered by the U.S. Congress and a global leader in providing access to chemistry-related research through its multiple databases, peer-reviewed journals and scientific conferences. Its main offices are in Washington, D.C., and Columbus, Ohio.

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