To date the FDA is closely reviewing many of the cloning and gene therapy processes to make sure it regulates what needs to be regulated. Though there are laws against using fetal stem cells, as well as human cloning regulations; there are not any laws against the use of iPS technology nor the cloning of parts of humans (organs).
The FDA website on cellular & gene therapy is http://www.fda.gov/cber/gene.htm
It is important to look at the laws and regulations before any public opinions, since laws change public opinions and vice versa.
Laws & Regulations
