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But the Federal ban on stem cell research isn't just "the Fed's won't earmark any funds for Stem Cell research" -- it means that anyone who ever accepted Federal money is retroactively constrained (to a greater or lesser extent) in what they can do.
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So you need a new building and some research eq? Few million, its covered, paying the lab people would be more in the long run of course. Having worked in such labs there is not much too them really.
Perhaps rather than spending ones effort to elect people to publicly fund, the best course of action would be to privately fund it, if there is such a public desire to see it happen.
Maybe a stem-cell telethon