Newspaper article Roll Call

Smith: Ensuring Science Investments Provide Strong Return

Newspaper article Roll Call

Smith: Ensuring Science Investments Provide Strong Return

Article excerpt

Inscribed on the wall of the Science, Space, and Technology Committee hearing room is the quote "Where there is no vision, the people perish.' This simple line from the Book of Proverbs is an appropriate message as we begin a new Congress. We must learn from the past, understand the present and have a vision for the future.

As chairman, I want the Science, Space, and Technology Committee to be a place where vision drives the dialogue and politics takes the back seat. The top priorities of the committee will be to promote legislation that encourages scientific discoveries, space exploration and the development of new technologies.

With broad jurisdiction over America"s federal research and development efforts, the committee helps make sure taxpayers" investments provide a strong return.

The committee oversees agency budgets of $39 billion, most of which is focused on research and development. The purpose of the committee is to encourage the kinds of R&D that lead to new innovations and job creation.

Our first hearing on Wednesday will begin this process by examining the positive impact of today"s R&D and looking forward to potential breakthrough innovations in the future.

Federally funded basic research has supported the creation of technologies that have changed and improved our daily lives - including the MRI, GPS, laser technology and the Internet.

Innovation is also critical to a healthy American economy. High- tech companies may only make up 5 percent of all businesses, but they account for 40 percent of America"s increase in productivity and half of all exports. So it is important that we invest in the right kinds of R&D that lead to new innovations and technological advancements.

But in order to achieve the innovations of tomorrow, we must better educate American students today. We need to empower them with the tools they will need to succeed. That means preparing students for advanced degrees and ensuring that young adults have the scientific and mathematic literacy to thrive in a technology-based economy.

The committee will look for ways not only to encourage students to study science, technology, engineering and mathematics but also to inspire them to pursue careers in STEM fields. …

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