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This bill amends the Internal Revenue Code to treat amounts paid for private umbilical cord blood or umbilical cord tissue banking services as medical care expenses, making them deductible. Sec. 2, Amounts paid for private umbilical cord blood, or umbilical cord tissue, banking services treated as medical care expenses: The bill adds a new category to the list of medical care expenses in the tax code, specifically for private umbilical cord blood or umbilical cord tissue banking services provided by an accredited bank that complies with Public Health Service Act regulations. This change applies to taxable years starting after December 31, 2024.
Summary of the bill text as introduced in House (Apr 10, 2025), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.
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Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 28, 2026.