NIH will eliminate many peer review panels, lay off scientists overseeing them
science.org
science.org
As for fraud, there's already plenty of it. E.g., https://en.m.wikipedia.org/wiki/List_of_scientific_misconduc...
I'm not sure what your comment was going for here, attempting to dismiss the harm here because the system was already less than perfect?
A solution would be to increase the NIH budget, and pay for more replication studies and more expert peer reviewers to carefully review studies before they are published or before their findings are incorporated elsewhere. Everything that's happening under the current administration is making this problem worse.
1. https://grants.nih.gov/grants/policy/nihgps/html5/section_2/...
That said, I'm struggling to see how this would address that problem. If anything, it seems that it will make the problem of unreplicated research worse. I fear that is the real intent here.