Per the Sept 2007 Peer Review Notes and the January 2008 Notice establishing this policy, CSR is waiving the standing submission dates for chartered reviewers seeking to submit R01, R03, R21, R34 and R15 applications. These applications would be reviewed within 90 days and (if scored, I assume) be sent on for consideration by the next scheduled Institute Advisory Council. Interestingly, half of applications submitted by chartered review panel members are sent to Special Emphasis Panels rather than recurring study sections.
In this same newsletter, CSR indicates its intent to shorten the review cycle for all applications, not just those submitted by new investigators, so PIs can submit A0, A1, and A2 applications all in the same year. Oh boy.
Other news includes a new IRG (Emerging Technologies and Training in Neurosciences), a new review division (Neuroscience, Development and Aging), consideration of a 2-stage review process (a la Pioneer award, with interviews in the second stage), and aggressive recruitment of SROs and experienced reviewers (via outreach to scientific societies).