Some legislators refuse to commit public funds for new scientific research if they cannot be assured that the research will contribute to the public welfare.
Conclusion
Such a position ignores the lessons of experience.
Rephrase: Experience shows that even if you can't be assured that new scientific research will contribute to the public welfare, you should be okay with committing public funds to it.
Evidence
Many important contributions to the public welfare that resulted from scientific research were never predicted as potential outcomes of that research. The example of a scientist studying molds leading to the discovery of antibiotics is provided.
Evaluate
The argument follows a common main conclusion pattern where the main conclusion is a Rebuttal. The argument opens with an Attribution "some legislators ...", and then the following claim sounds like the author's pushback.
Once we read the second sentence, we should suspect that it's the conclusion, and then listen to hear whether what follows sounds like the author trying to support/defend that claim. And indeed, the conclusion is supported by the claim that many beneficial outcomes of scientific research were unexpected, illustrated through historical examples like the study of molds leading to antibiotics.
Goal
Find the best available meaning match for 'Experience shows that we shouldn't refuse to commit public funds to research just because it isn't guaranteed to contribute to public welfare".