(a)  This chapter shall be deemed to be an exercise of the police powers of the state for the protection of the health, safety, and general welfare of the people of the state.

(b)  It is hereby determined by the general assembly of Rhode Island and declared as a matter of legislative findings that:

(1)  The United States is one of the leading countries in the production and use of steel and its allied products;

(2)  The use of steel products constitutes a major industry of the United States and, as such, provides the jobs and family incomes of millions of people in the United States;

(3)  The taxes paid to Rhode Island and the United States by employers and employees engaged in the production and sale of steel products are one of the largest single sources of public revenues in this country;

(4)  It has for many years been the policy of the state to aid and support the development and expansion of industry in the United States in order to foster the economic well-being of the state and its people; and

(5)  The economy, general welfare, and national security of the United States are inseparably related to the preservation and development of the steel industry in the United States.

(c)  The general assembly therefore declares it to be the policy of the state that all public officers and agencies should, at all times, aid and promote the development of the steel industry of the United States in order to stimulate and improve the economic well-being of the state and its people.