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The National Biomedical Research Act establishes a Biomedical Innovation Fund that would transfer $10 billion annually from the Treasury to the National Institutes of Health (NIH) and Food and Drug Administration (FDA) from 2025 through 2034. Distributions would be allocated proportionally based on each agency's discretionary appropriations and would only occur if both agencies receive appropriations above their historical baseline levels. The distributed funds would support basic research, disruptive innovation, research on high-cost diseases, early-career scientist development, diversity in research institutions, and FDA medical product review activities.
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