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Strong support for chemistry and other R&D is central to our nation’s global competitiveness, productivity, defense, public health, energy security, and environmental progress. Although the engines of innovation are largely in private hands, the federal government provides a significant majority of all support for basic research. This investment fosters new knowledge, industrial innovation, and the training of future scientists and engineers.  Government plays a key role in fostering a healthy climate for innovation through tax policy, international standards, intellectual property, and other incentives

ACS supports efforts to

• Promote sustained federal investments in R&D, science infrastructure, and industrial innovation to enhance U.S. global competitiveness.
• Accelerate the development and commercialization of new technologies that promote national goals in
  •  energy independence, 
  • environmental sustainability,
  •  national and homeland security, 
  • human health, and 
  • associated science and technology jobs.
    
• Foster U.S. tax, trade, economic, and regulatory policies that improve the competitiveness of U.S. entrepreneurs and companies.
• Strengthen the ability of worldwide legal systems to cooperatively encourage innovation through intellectual property protection.