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H.R. 2820, Stem Cell Therapeutic and Research Reauthorization Act of 2015 1 (August 12, 2015)

handle is hein.congrec/cbo2502 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE August 12, 2015 H.R. 2820 Stem Cell Therapeutic and Research Reauthorization Act of 2015 As ordered reported by the House Committee on Energy and Commerce on July 29, 2015 SUMMARY H.R. 2820 would reauthorize the National Cord Blood Inventory program and the C.W. Bill Young Cell Transplantation program. Those programs support efforts to collect and store blood from umbilical cords and to conduct research and facilitate transplants of bone marrow and blood from umbilical cords. In 2015, more than $33 million was appropriated for these purposes. Over the 2016-2020 period the bill would authorize the appropriation of $23 million and $30 million per year for the National Cord Blood Inventory program and the C.W. Bill Young Cell Transplantation program, respectively. CBO estimates that implementing the bill would cost $220 million over the 2016-2020 period, assuming appropriation of the authorized amounts. Enacting H.R. 2820 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. H.R. 2820 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effects of H.R. 2820 are shown in the following table. The costs of this legislation fall within budget function 550 (health).

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