At last night's State of the Union, the president said "Tonight I ask you to pass legislation to prohibit the most egregious abuses of medical research, human cloning in all its forms, creating or implanting embryos for experiments, creating human-animal hybrids, and buying, selling or patenting human embryos."
Jamie happened onto a link today which humorously and insightfully
addresses this bit
from the speech. It's worth your time. Relatedly segphault writes "Ars Technica has an interesting look at scientific research and technology proposals included in Bush's State of the Union address."