[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4882 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 4882

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


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 25, 2018

 Mr. Paulsen (for himself and Mr. Kind) introduced the following bill; 
         which was referred to the Committee on Ways and Means

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to treat amounts paid for 
  private umbilical cord blood or umbilical cord tissue, or placental 
 blood or placental 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, OR PLACENTAL BLOOD OR PLACENTAL TISSUE, BANKING 
              SERVICES TREATED AS MEDICAL CARE EXPENSES.

    (a) In General.--Paragraph (1) of section 213(d) of the Internal 
Revenue Code of 1986 (defining medical care) 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, or placental blood or placental 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, 2017.
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