National Health Research Fellowship and Traineeship Act

National Health Research Fellowship and Traineeship Act - States that the purpose of this Act is to increase the capability of the National Institutes of Health and the National Institute of Mental Health to carry out their statutory responsibility of maintaining a superior national program of biomedical research into the basic biological processes and mechanisms involved in the physical and mental diseases and impairments of man.

Establishes a national program of health research fellowship and traineeship to assure the continued excellence of biomedical research in the United States. Provides that no individual may receive assistance for more than three years under this Act, and that individuals receiving assistance shall engage in research or teaching for a twenty-four-month period for each full academic year with respect to which he received such assistance.

Authorizes to be appropriated an aggregate of $204,000,000 for the fiscal year ending June 30, 1974, $214,500,000 for the fiscal year ending June 30, 1975, and $225,000,000 for the fiscal year ending June 30, 1976 to carry out the purposes of this Act.