A bill to establish a Federal program to encourage the voluntary donation of pure and safe blood, and to establish a national registry of blood donors.

Expresses the finding of Congress that an adequate supply of pure, safe human blood is essential to the welfare of the Nation.

Establishes the National Blood Bank program within the Department of Health, Education and Welfare. Directs the Secretary of Health, Education and Welfare to perform enumerated duties to assure an adequate supply of blood throughout the Nation.

Establishes an Advisory Council to make recommendations to the Secretary regarding: (1) policy goals of the program; (2) motivation and recognition of blood donors; (3) reciprocal transactions between national blood bank systems; and (4) removal of blood purchasing costs from health insurance plan coverage.

Declares that only class A blood banks may maintain blood deposit or pledge programs in advance of their needs. Provides criminal penalties for persons violating the provisions of this Act.