Analysis by DAVID JENSEN posted 11.11.2025 The race to replace Rep. Nancy Pelosi in Congress, once the nation’s most powerful political woman, has scrambled the future of a proposal to create a $23 billion California version of the National Institutes of Health. However, the situation may augur well for the $12 billion California Institute for Regenerative Medicine (CIRM), whose fate will also be tied to the Golden State’s ballot box a few years down the road.