Imagine that the New Investigator status (no prior service as PI of major NIH grant) required an extra timeline document? This would be a chronology of the PI's program to date with emphasis on funding (startup, institutional grants, foundation), how publications were generated, and the PI's scrambling. Another part would focus on grants submitted, score outcomes, revisions, how preliminary data was generated, etc.
Would this improve the way the NIH awards grants?
(Keep in mind the NIH has wrung its hands about the dismal fate of the not-yet-funded for many decades and created numerous "fixes" over the years.)