FASEB Statement Regarding FY 2024 Funding Bills for Research AgenciesFriday, August 25, 2023
FASEB is deeply concerned about the proposed fiscal year (FY) 2024 funding levels for the National Institutes of Health (NIH) and National Science Foundation (NSF). Slashing the NIH budget by nearly $3 billion would significantly impact patients, families, and communities who rely on life-saving medical research underway at NIH. Reducing funding for NSF by $300 million compared to the enacted FY 2023 level jeopardizes the agency’s ability to invest in new areas of research, especially given that the CHIPS and Science Act established a FY 2024 authorization level of $15.7 billion for NSF.
In March 2023, nearly 400 medical research stakeholder community members requested a minimum of $51 billion for the NIH. FASEB continues to believe this is an appropriate level and appeals to Congress to work together in a bipartisan manner to provide critically needed funding increases for NIH and NSF in the final FY 2024 appropriations bills.