Science Policy

Wins, Gaps, & Looking Forward in the U.S. Bioeconomy

10.04.23 | 4 min read | Text by Nazish Jeffery

September should be considered National Bioeconomy Month. This past September marked the one year anniversary of the 2022 Presidential Executive order on Advancing Biotechnology and Biomanufacturing Innovation for a Sustainable, Safe, and Secure American Bioeconomy (affectionately known as the Bioeconomy EO). SynBioBeta celebrated the occasion by organizing a Bioeconomy Product Showcase on Capitol Hill that highlighted many different companies within the bioeconomy and proudly boasted bipartisan support in attendance. FAS wrapped up the month by hosting a Bioeconomy & Biomanufacturing Hill Day and Dinner on September 28th, 2023. We brought in some of our subject matter experts to talk in-depth about their Day One Memos and other contributions with key members of Congress.

Highlights Hill Day & Dinner

From our subject matter experts
Coordinating the U.S. Government Approach to the Bioeconomy
Policy memo
read more
Accelerating Biomanufacturing through a Grand Challenge
Policy memo
read more
Strengthening the U.S. Biomanufacturing Sector Through Standardization
Policy memo
read more
Maintaining Progress and Growing US Biomanufacturing
read more
Federation of American Scientist Bioeconomy experts standing in front of the Hart Senate Office Building sign
Team FAS on the Hill

Dr. Nazish Jeffery, Dr. Sarah Carter, Dr. Allison Berke, Dr. Chris Stowers, and Dr. Sarah Richardson representing the Federation of American Scientists at the Bioeconomy & Biomanufacturing Hill Day and Dinner

Next Year is Critical for the Bioeconomy

In a short timespan, several federal agencies have pushed the needle forward in terms of the U.S. bioeconomy, however there is no shortage of work left in order to achieve a “Sustainable, Safe, and Secure” bioeconomy. For the next year, we would like to see an updated definition of the U.S. bioeconomy that accounts and specifies sectors that are and are not part of the bioeconomy and takes sustainability as its main priority. In addition, the National Institute of Standards and Technology (NIST) should update the Bioeconomy Lexicon and prioritize setting standards for biomanufacturing that utilizes a sector to sector approach instead of an overarching standards approach to ensure that innovation is not stifled by standards that do not allow for the flexibility needed in the biotech space. 

Additionally, it will be vital for the federal government to enact a true framework for the U.S. bioeconomy by creating a coordinating office housed in OSTP that works with the various federal agencies focused on the bioeconomy and provide support to publish the reports directed by the Bioeconomy EO on time. Furthermore, in order to achieve products, goods, and services that are sustainable, secure, and safe, it will be essential for the coordinating office to gather public opinions in order to help shape and influence our bioeconomy.

Increased congressional involvement is also necessary to address key challenges the bioeconomy currently faces, such as the inability to measure the bioeconomy and the challenge that companies within the bioeconomy face (such as incomplete knowledge on processes relating to creating a startup, scaling goods and serves, and navigating the regulatory system). The BEA should be directed by Congress to create a satellite account to measure the U.S. bioeconomy and Congress should mandate a public-private driven landscape analysis on the current financial situation of the U.S. bioeconomy in order to be able to identify the gaps in financing the sector currently faces. 

There is no doubt that the bioeconomy has potential to grow, but it needs a solid framework to stand upon. Implementing some or all of these ideas will not only lead to a prosperous bioeconomy, but it will also create one that is resilient, sustainable, and secure.