Access to Future Cures Act

Bill: 118-hr-1170
Sponsor: full_name: Rep. Arrington, Jodey C. [R-TX-19]
Introduced: 2023-02-24
Policy area: Taxation
Latest action: action_date: 2024-12-17
text: Referred to the Subcommittee on Health.

Summaries:
action_date: 2023-02-24
action_desc: Introduced in House
text: <p> <strong>Access to Future Cures Act</strong></p> <p>This bill expands the tax deduction for medical expenses to include expenses for storage of blood or biomaterial derived from blood.</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 1170 IN THE HOUSE OF REPRESENTATIVES February 24, 2023 Mr. Arrington (for himself, Mr. Panetta , and Mr. Hern ) 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 clarify that expenses for blood storage qualify as expenses for medical care.

1. Short title This Act may be cited as the Access to Future Cures Act . 2. Expenses for blood storage qualify as expenses for medical care (a) In general Section 213(d)(1)(A) of the Internal Revenue Code of 1986 is amended by inserting (including expenses for storage of blood or biomaterial derived from blood) after function of the body . (b) Effective date The amendment made by this section shall apply to expenses paid or incurred after the date of the enactment of this Act.