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Creates a new federal program to price domestic greenhouse-gas emissions (including a border adjustment) and directs most revenue into a new RISE Trust Fund to pay for infrastructure, research, state grants, conservation, and worker support. It repeals federal motor vehicle and aviation fuel excise taxes after 2025, restricts certain EPA regulatory actions while the tax applies, funds competitive flood-mitigation grants, requires prevailing wages on funded projects, revises a coal tax credit, and establishes a bipartisan National Climate Commission with multi-year funding and reporting duties.
The bill directs substantial new funding to highways, flood mitigation, worker transition aid, and clean‑energy research while creating a new emissions‑policy framework—trading faster infrastructure and transition support for added fiscal cost, new compliance burdens, and delayed EPA authority that could prolong pollution and regulatory uncertainty.
Drivers, commuters, and communities nationwide will get sustained, dedicated funding for highways and bridges (70% of RISE FY2027–2036) to support maintenance and major road projects.
Businesses and utilities emitting greenhouse gases gain a clearer statutory framework and delayed effective dates for new emissions rules, giving firms more predictable compliance timelines and planning certainty.
Low‑income households (≤150% of poverty or program participants) will receive annual grants from RISE to help cover energy costs or transition impacts, reducing energy burden for vulnerable families.
Households and communities could face higher long‑term pollution and climate risks because the EPA is barred from regulating GHG emissions from taxed fuels until 2039 (or later triggers), delaying health-protective standards.
Taxpayers and federal budgets face increased fiscal risk from repealing motor fuels and aviation excise taxes, large transfers into RISE (75% of subtitle L receipts), and possible deficit pressure or crowding out of other priorities.
Businesses, utilities, and consumers could incur new compliance costs and higher prices if emissions are taxed or border greenhouse‑gas adjustments are applied when Subtitle L is implemented.
Introduced May 13, 2025 by Brian K. Fitzpatrick · Last progress May 13, 2025