News:
Buy a bond, an NIH bond
Posted by Edyta Zielinska
[Entry posted at 10th August 2007 09:06 PM GMT]

The NIH needs money, and now, everyone can pitch in. If legislation proposed August 3 passes Congress, you will be able to buy a US Treasury bond and send 10% of the interest to the NIH institute of your choice.

It may not seem like much, but US Rep. Steve Pearce (R-New Mexico) -- who co-sponsored the bill along with Emanuel Cleaver (D-Missouri) and Dan Burton (R-Illinois) -- noted that in fiscal year 2006, the Treasury Department redeemed $7.9 billion in interest on bonds. If 20% of those bonds had been "Healthy Bonds," as Pearce calls them, the NIH would have pocketed an extra $158 million.

That's about 1/200th of the current NIH budget, but some scientists probably will take whatever they can get. The Association of American Medical Colleges endorsed the bill, the "Americans Saving Through Health Research Bonds Act of 2007"(H.R. 3434 ) on August 7. The bill has been referred to the House Ways and Means Committee for review. Jessica Carter, a spokesperson for Pearce, says that if it's passed, the Congressman hopes to use other lobbying groups to get the word out.

For FREE access to this news story and more, you must register.

Not yet registered? Get free access
 

The article you are attempting to read is only available to registered users of The Scientist. Registration is FREE and only takes a few seconds.

 
 

Email

Password

> Forgot Password?
> FAQ
> Subscribe

 
Not yet registered? Get free access
 

Create your MyScientist account and access all of The Scientist's free content, tools and life science email newsletters, including:

 

> The current month’s print issue

> Daily & Bi-weekly e-mail newsletters

> Newsblogs with breaking headlines

> The Scientist Community

> Exclusive web extras

> The Scientist Careers

 

Premium content from The Scientist Archive, a comprehensive resource of over 22 years of past life science coverage, is available only by subscription. Subscribe today and get unlimited access

 

 
LATEST NEWS