I want to thank Senator Menendez and Senator Whitehouse again for their leadership on this. We have all seen the pictures and the news stories. The issue, though, is a severe one. The World Economic Forum has estimated that if we don't do anything about this big crisis of ocean debris, but particularly the issue of plastics in the ocean, there are estimates that by 2050 there will be more plastics by weight in the world's ocean than there are fish. We can't let that happen. So what we have done is we have put together this bill. As already mentioned, there were three different committees. There is an element on the domestic innovation side that creates a Marine Debris Foundation. That is a congressionally chartered private organization. Think of groups that matter to Americans. There are dozens of these kinds of foundations, but they are important. They send a signal that the Congress of the United States cares about these things. Think about the Red Cross, the American Legion, and the National Parks Foundation. These are all congressionally chartered organizations. The new Marine Debris Foundation will be one of them. The American Government is focused on this. It is an opportunity for the private sector, and we have seen some industries step up. There is a group called the Alliance to End Plastic Waste that has pledged $1.5 billion to start addressing this problem. That is not small change. It is going to need that kind of money.…
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