1. Short title This Act may be cited as the National Biomedical Research Act . 2. Definitions In this Act: (1) Discretionary appropriations The term discretionary appropriations has the meaning given such term in section 250 of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 900 ). (2) Fund The term Fund means the Biomedical Innovation Fund established under section 3(a). (3) Minimum amount The term minimum amount , with respect to the applicable entity and for an applicable fiscal year— (A) means the amount equal to the greatest amount of discretionary appropriations appropriated to such entity for a fiscal year during the period beginning with fiscal year 2017 and ending with the fiscal year before the applicable fiscal year; and (B) does not include— (i) any reduction in an appropriation under a sequestration order issued under the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 900 et seq.); (ii) amounts collected by the Secretary of Health and Human Services under subchapter C of chapter VII of the Federal Food, Drug, and Cosmetic Act ( 21 U.S.C. 379f et seq.); (iii) amounts distributed under section 3(c)(2); or (iv) amounts appropriated under a supplemental or emergency appropriation Act. 3. Biomedical Innovation Fund (a) Establishment There is established in the Treasury of the United States a fund to be known as the Biomedical Innovation Fund , to be administered by the Secretary of the Treasury, consisting of— (1) the amounts transferred to the Fund under subsection (b)