Bill · H.R. 2810· House(119-HR-2810)
Family Cord Blood Banking Act
- Introduced
- 4/10/2025
- Last activity
- 4/10/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Jodey Arrington
- Cosponsors
- - 2 - 2
- Introduced
- In Committee
What this bill would do
This bill, known as the "Family Cord Blood Banking Act," aims to change how the Internal Revenue Code of 1986 handles certain costs. It seeks to treat payments for private umbilical cord blood or umbilical cord tissue banking services as medical care expenses. These services must be provided by an accredited bank that complies with specific regulations under the Public Health Service Act. The changes would apply to taxable years starting after December 31, 2024.
Yes· 3 of 7
Would children be better off under this?+3
The bill facilitates easier access to umbilical cord banking, which is a service used for infant care.
Would middle-income households be better off under this?+3
The tax deduction provides relief for families utilizing private medical services.
Does this cut taxes for middle-income families?+3
The bill allows families to treat cord blood banking as a deductible medical expense, potentially reducing their tax burden.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Tax Treatment of Banking Services: The bill would allow amounts paid for private umbilical cord blood or umbilical cord tissue banking services to be treated as medical care expenses (Section 2). This could provide financial benefits to individuals using accredited banks that comply with regulations under section 361 of the Public Health Service Act (Section 2(a)).
Potential Negative Impacts for People
- No negative impacts are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Children+3Good For Middle Class Households+3Good For Women+2Good For Young Adults+2Good For High Income Households+1
- Economy And Finance
- Reduces Middle Class Taxes+3
- Healthcare
- Improves Healthcare Access+3
- 12/18/2025
- 1 Cosponsor added.
- 7/29/2025
- 1 Cosponsor added.
- 4/10/2025
- Referred to the House Committee on Ways and Means.
- 2 Cosponsors added.
- Introduced in House
Gus BilirakisRepublican · Florida
Donald DavisDemocrat · North Carolina
Jimmy PanettaDemocrat · California
Claudia TenneyRepublican · New York