[Congressional Record (Bound Edition), Volume 153 (2007), Part 1]
[Extensions of Remarks]
[Pages 1174-1175]
[From the U.S. Government Publishing Office, www.gpo.gov]




               INTRODUCTION OF THE CURES CAN BE FOUND ACT

                                 ______
                                 

                             HON. RON PAUL

                                of texas

                    in the house of representatives

                        Friday, January 12, 2007

  Mr. PAUL. Madam Speaker, I rise to introduce the Cures Can Be Found 
Act. This legislation promotes medical research by providing a tax 
credit for investments and donations to promote adult and umbilical 
cord blood stem cell research, and provides a $2,000 tax credit to new 
parents for the donation of umbilical cord blood that can be used to 
extract stem cells.
  Madam Speaker, stem cell research has the potential to revolutionize 
medicine. Stem cells could hold the keys to curing many diseases 
afflicting millions of Americans, such as diabetes and Alzheimer's. 
Umbilical cord blood stem cells have already been used to treat 67 
diseases, including sickle cell disease, leukemia, and osteoporosis. 
Umbilical cord blood

[[Page 1175]]

stem cells have also proven useful in treating spinal cord injuries and 
certain neurological disorders. Adult stem cells have shown promise in 
treating a wide variety of diseases ranging from brain, breast, 
testicular, and other types of cancers to multiple sclerosis, 
Parkinson's, heart damage, and rheumatoid arthritis. Just this week, 
the Washington Post and the Los Angeles Times ran major stories on the 
progress made in obtaining stem cells from amniotic fluid, which is 
easily obtainable from a pregnant woman during routine pre-natal tests.
  By providing tax incentives for adult and umbilical cord blood stem 
cell research, the Cures Can Be Found Act will ensure greater resources 
are devoted to this valuable research. The tax credit for donations of 
umbilical cord blood will ensure that medical science has a continuous 
supply of stem cells. Thus, this bill will help scientists discover new 
cures using stem cells and, hopefully, make routine the use of stem 
cells to treat formally incurable diseases.
  By encouraging private medical research, the Cures Can Be Found Act 
enhances a tradition of private medical research that is responsible 
for many medical breakthroughs. For example, Jonas Salk, discoverer of 
the polio vaccine, did not receive one dollar from the federal 
government for his efforts. I urge my colleagues to help the American 
people support the efforts of future Jonas Salks by cosponsoring the 
Cures Can Be Found Act.

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