,i #aacth ,,congress #ast ,session ,h4 ,r4 #cfgc ,,in ,,the ,,house ,,of ,,representatives ,december #e1 #bjac,mr4 ,schock 7for himself and ,mr4 ,kind7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to treat amounts paid for umbilical cord blood banking services as medical care expenses4 #a4 ,short title ,this ,act may be cited as the ,family ,cord ,blood ,banking ,act4 #b4 ,amounts paid for umbilical cord blood banking services treated as medical care expenses 7a7 ,in general ,paragraph 7#a7 of section #bac7;d7 of the ,internal ,revenue ,code of #aihf 7defining medical care7 is amended by striking or at the end of subparagraph 7,c71 by striking the period at the end of subparagraph 7,d7 and inserting 1 or1 and by inserting after subparagraph 7,d7 the following new subparagraph3 7,e7 for private umbilical cord blood banking services provided by any accredited umbilical cord blood bank which is in compliance with the regulations under section #cfa of the ,public ,health ,service ,act 7#db ,u4,s4,c4 #bfd74 4 7b7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjac4