I just read this article at Science's blog, describing how Lamar Smith, chair of the House science committee, basically wants to gut peer review at the NSF and replace it with something more to the liking of the House Republicans. This would be catastrophically bad for a large number of reasons. If they do this, you know it's only a matter of time before they decide to undermine peer review at NIH and DOE Office of Science also. Gahh. Can't blog - too incoherently angry.
update: For what it's worth, this would presumably have a hard time passing the Senate and getting signed into law by the President, though given Congress' tendency to lump zillions of unrelated bills together into giant omnibus legislation, you never know for sure. NSF is probably not the real long-term target of these types. Picture what would happen to research if big pharma lobbyists get to have Congress decide what NIH grants should be funded, or if big energy lobbyists do the same for DOE grants (to say nothing of de-funding anything they find politically unacceptable).