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H.R. 2820, Stem Cell Therapeutic and Research Reauthorization Act of 2015 1 (December 4, 2015)

handle is hein.congrec/cbo2669 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE December 4, 2015 H.R. 2820 Stem Cell Therapeutic and Research Reauthorization Act of 2015 As ordered reported by the Senate Committee on Health, Education, Labor, and Pensions on November 18, 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, about $33 million was appropriated for these purposes. The bill would also require the Secretary of Health and Human Services to provide the Congress with recommendations regarding the appropriateness of including new types of therapies in the transplantation program and to issue a determination with respect to including stems cells from peripheral blood and blood from umbilical cords in the definition of a human organ. Over the 2016-2020 period the bill would authorize the appropriation of $23 million per year for the National Cord Blood Inventory program and $30 million per year for the C.W. Bill Young Cell Transplantation program. 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. CBO estimates that enacting H.R. 2820 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2026. H.R. 2820 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA).

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