Sec. 2. Findings
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Congress finds the following: Protein innovation that produces high-quality foods using under-utilized biomass and biomanufacturing processes is an essential component of the bioeconomy. The United States has produced several groundbreaking biotechnological breakthroughs across the last decade that can diversify the food system. In recent years, multiple countries have dramatically increased public investments into alternative protein research and development. According to the Department of Agriculture, every $1 of investment into agricultural research results in $20 of economic productivity.
As of 2019, the plant-based food industry supported over 55,000 jobs in the United States, and the protein sector could create as many as 10,000,000 jobs globally by 2050. Diversifying the protein supply of the United States will increase domestic supply chain resilience, decrease reliance on foreign grain and other commodities, and provide more choices to American consumers. The global demand for meat is predicted to double by 2050, thus increasing the need for additional food sources.
A diversified food system would improve global and domestic food security. Protein innovation can strengthen national security, improve supply chain resilience, and lower the risk of bioterrorism.