New FASEB Factsheet Demonstrates the Devastating Effects of Sequestration on Biomedical and Biological Research Created by on 9/12/2013 12:00:00 AM
The Federation of American Societies for Experimental Biology (FASEB) released a new factsheet
this week highlighting the detrimental impact of sequestration on current funding for the National Institutes of Health (NIH), as well as the potential impact the fiscal year (FY) 2014 budget proposed by the House of Representatives will have on the federal agency. In addition to comparing the differences in proposed FY 2014 NIH appropriations between the House and Senate, this new analysis estimates the loss of NIH funding to each state.
Since 2003, flat funding, inflation, and $1.7 billion in budget cuts due sequestration have diminished NIH’s capacity to fund critical biomedical research. NIH could suffer an unprecedented 37 percent loss in funding if it is subject to the cuts outlined in the House FY 2014 budget and 302b allocations. This would jeopardize the U.S.’s role as a global leader in biomedical science.
According to FASEB President Margaret “Kenny” Offermann, MD, PhD, “Sequestration deals a devastating blow to an enterprise already suffering from underfunding and prior cuts, and the impact is being felt in labs and research institutions across the country. We’ve seen critical research scaled back, trainees lose jobs, and senior investigators leave the field. The situation is undermining our prior investment in research. This does not have to happen.”
This factsheet, along with additional advocacy resources for researchers, is available on FASEB’s website.