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Media Advisory: STAC to Participate in Joint Economic Committee Hearing

April 27, 2022

Science & Technology Action Committee to Participate in Joint Economic Committee Hearing Examining Investments Needed to Advance U.S. Scientific Discovery

Washington, D.C.—On Wednesday, April 27, 2022, at 2:30 p.m. ET, a remote hearing entitled “Building on a Strong Foundation: Investments Today for a More Competitive Tomorrow” will be held before the U.S. Congress Joint Economic Committee. Witnesses will examine the strength of the economic recovery in the wake of the pandemic and discuss how public investments—especially those that that help spur innovation and support manufacturing—are needed to promote long-term growth. Chairman Donald S. Beyer Jr. will preside.

Dr. Sudip Parikh, cochair of the Science & Technology Action Committee and CEO of American Association for the Advancement of Science, will serve as an expert witness during the hearing. During his remarks, Dr. Parik will make three recommendations focused on ensuring we lead the world in scientific discovery and its translation into meaningful increases in the safety, health, and wealth of all Americans, including that we must:

  1. Provide robust investment in research and development (R&D) across disciplines and geographies.
  2. Invest in people to ensure we are drawing upon the talents of all Americans.
  3. Balance a portfolio of R&D investment that includes short-term incremental research, translational research, and high-risk, high-reward research.

In his pre-written remarks, Dr. Parikh asks, “Do we want to be the nation that discovers, manufactures, and drives the economic, environmental, and health advances of the future? Or do we want to be the nation that lags in these future indicators while we attempt to buy them from friendly competitors or worse, geopolitical adversaries?”

 

Hearing Details

Name: “Building on a Strong Foundation: Investments Today for a More Competitive Tomorrow”

Witnesses:       

Dr. Sudip Parikh, Chief Executive Officer

Executive Publisher, Science Family of Journals

American Association for the Advancement of Science

Washington, DC

Dr. Josh Bivens, Director of Research

Economic Policy Institute

Washington, DC

Dr. Michelle Holder, President and Chief Executive Officer

Washington Center for Equitable Growth

Washington, DC

Dr. Tyler Goodspeed, Kleinheinz Fellow

Hoover Institution, Stanford University

Stanford, CA

When: Wednesday, April 27, 2022, 2:30 p.m. ET

Where: Remote, via WebEx. Hearing linked here.

 

About the U.S. Congress Joint Economic Committee

The U.S. Congress Joint Economic Committee is Congress’s bicameral economic think tank. It was created when Congress passed the Employment Act of 1946. Under this Act, Congress established two advisory panels: the President’s Council of Economic Advisers (CEA) and the JEC. Their primary tasks are to review economic conditions and to recommend improvements in economic policy. Chairmanship of the JEC alternates between the Senate and House every Congress.

About the Science & Technology Action Committee

The Science & Technology Action Committee is a group of leaders from industry, academic, non-profits, and foundations who came together to develop an urgent Action Plan to ensure a healthier, safer, and more economically sound future for all Americans. View its Action Plan at www.ScienceTechAction.org.

About the American Association for the Advancement of Science

The American Association for the Advancement of Science (AAAS) is the world’s largest general scientific society and publisher of the journal Science, as well as Science Translational MedicineScience Signaling; a digital, open-access journal, Science AdvancesScience Immunology; and Science Robotics. AAAS was founded in 1848 and includes more than 250 affiliated societies and academies of science, serving 10 million individuals. The nonprofit AAAS is open to all and fulfills its mission to “advance science and serve society” through initiatives in science policy, international programs, science education, public engagement, and more. For additional information about AAAS, visit www.aaas.org.

The Science & Technology Action Committee is a group of 22 non-profit, academic, foundation, and corporate leaders working to dramatically strengthen U.S. science and technology. The Committee is co-chaired by: Keith Yamamoto, Vice Chancellor for Science Policy & Strategy UCSF, Sudip Parikh, CEO, The American Association for the Advancement of Science (AAAS), and Mary Woolley, President & CEO, Research!America.