US Senator Tom Harkin (D – Iowa) plans to introduce
the Accelerating Biomedical Research Act sometime later this month in an effort to let NIH restore some of the funding it has lost in recent years due to flat budgets and sequestration. The legislation would free up appropriators in the Senate and House of Representatives and target NIH for funding boosts while other agencies would remain stuck under hard spending caps imposed last year. If the legislation, currently still in draft form, passes, NIH could see an increase of nearly $3 billion next year. By 2021, NIH would receive as much as $46.2 billion.