Family Cord Blood Banking Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 5
- Latest action
- Apr 10, 2025
What it does
The bill would amend the Internal Revenue Code to allow taxpayers to treat payments for private umbilical cord blood or umbilical cord tissue banking services as deductible medical care expenses. It applies to services provided by accredited banks that comply with regulations under the Public Health Service Act. The change would take effect for taxable years beginning after December 31, 2024.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.