The bill H.C.M. 2001 encourages the President, federal agencies, and the U.S. Congress to reevaluate proposed restrictions on the chemical industry. It emphasizes the need for regulations to be based on sound science, to promote innovation, and to support supply chain resiliency. The bill also advocates for frameworks that celebrate innovation and accelerate progress within the chemical industry.

The bill includes provisions to direct the Secretary of State to transmit copies of the memorial to the President of the United States, the President of the U.S. Senate, the Speaker of the U.S. House of Representatives, the directors of relevant federal agencies, and each Member of the U.S. Congress from Arizona. There is no anticipated fiscal impact to the state General Fund associated with this legislation.