Missed this news a few days ago. $1B for ARPA-H.
In early 2021, we began hearing discussions about creating ARPA-H, a special research agency for translational health research. ARA = Advanced Research Projects Agency. It would build off government funding successes and design-of-agency ideas from DARPA, BARDA, Operation Warp Speed and others. See some links from January 2021 and a research February 2022 Hill hearing - here, here. I collected some links about Operation Warp Speed in January 2022, here.
The recent March 2022 budget legislation gives ARPA-H its first $1B, starting now and for 2.5 fiscal years. The legislation also gives HHS 30 days to decide if ARPA-H will be "inside" NIH or administratively an entirely new agency (like NIH, NSF, etc).
See an article in SCIENCE, 15 March, by Jocelyn Kaiser, here.