Join NACUBO Consulting and three university research and business leaders for a robust conversation about the changes to federal research funding and the impact it is having on universities, faculty, principal investigators, staff and students. Discussion will include the JAG (Joint Association Group) FAIR (Financial Accountability in Research) models being considered and how changes to indirect costs may affect various stakeholder groups, including business operations. The three panelists come from an HBCU, University of Virgin Islands (land grant); a large private R1, USC; and a Land-grant recently recognized R1, New Mexico State University. Panelists come from business/administration, research administration, and financial/cost analysis.