Foundation for Biomedical Research Act of 1989

Foundation for Biomedical Research Act of 1989 - Amends the Public Health Service Act to direct the Secretary of Health and Human Services to establish a nonprofit corporation known as the Foundation for Biomedical Research. Declares that the Foundation shall not for any purpose be an agency of the U.S. Government. Directs the Secretary to incorporate the Foundation under the laws of the State of Maryland.

Requires that the Foundation: (1) provide funding for the endowed chairs within the intramural research programs of the National Institutes of Health (NIH) and the Alcohol, Drug Abuse, and Mental Health Administration (ADAMHA); (2) recruit senior biomedical scientists for such positions; (3) support the staffing, equipment, and space requirements for the research undertaken by those scientists; (4) support the stipends and research expenses of NIH Scholars appointed under the Public Health Service Act, who shall be appointed for six-year terms; and (5) negotiate a memorandum of understanding with the Director of the NIH and the Administrator of ADAMHA that Foundation scientists and personnel shall observe the ethical and procedural standards regulating research and research findings that are followed at the NIH and ADAMHA.

Sets forth the powers of the Foundation.

Authorizes appropriations.