Bill > HR6927

This bill requires the Department of Commerce to conduct a study and report to Congress on the impact of new and advanced materials, including synthetically derived or enhanced natural properties, on U.S. businesses conducting interstate commerce. The study must involve listing industry sectors that develop, use, or rely on these materials, reviewing their current and potential uses, identifying challenges to their development and adoption, and assessing risks and trends in relevant marketplaces and supply chains. The bill also requires the Department to survey federal agencies' jurisdiction and activities related to these materials, and to compare the U.S. strategy to that of other countries. Based on the study's findings, the bill directs the Department to provide recommendations to Congress on addressing duplicative federal regulations, promoting the adoption of new and advanced materials, developing state-level policies and a national strategy to advance related business sectors, and mitigating risks to the marketplace and supply chain.