Family Cord Blood Banking Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2810 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 2810

 To amend the Internal Revenue Code of 1986 to treat amounts paid for 
    private umbilical cord blood, or umbilical cord tissue, banking 
                   services as medical care expenses.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 10, 2025

    Mr. Arrington (for himself, Mr. Panetta, and Mr. Davis of North 
  Carolina) introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to treat amounts paid for 
    private umbilical cord blood, or umbilical cord tissue, banking 
                   services as medical care expenses.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Family Cord Blood Banking Act''.

SEC. 2. AMOUNTS PAID FOR PRIVATE UMBILICAL CORD BLOOD, OR UMBILICAL 
              CORD TISSUE, BANKING SERVICES TREATED AS MEDICAL CARE 
              EXPENSES.

    (a) In General.--Section 213(d)(1) of the Internal Revenue Code of 
1986 is amended by striking ``or'' at the end of subparagraph (C), by 
striking the period at the end of subparagraph (D) and inserting ``, 
or'', and by inserting after subparagraph (D) the following new 
subparagraph:
                    ``(E) for private umbilical cord blood, or 
                umbilical cord tissue, banking services provided by any 
                accredited bank which is in compliance with the 
                regulations under section 361 of the Public Health 
                Service Act (42 U.S.C. 264).''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2024.
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