Text: H.R.3673 — 113th Congress (2013-2014)All Bill Information (Except Text)

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Introduced in House (12/05/2013)


113th CONGRESS
1st Session
H. R. 3673


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


IN THE HOUSE OF REPRESENTATIVES

December 5, 2013

Mr. Schock (for himself and Mr. Kind) 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 umbilical cord blood 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 umbilical cord blood 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 banking services provided by any accredited umbilical cord blood 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, 2013.