Sponsors (2)
The bill creates a large, recurring emissions‑related funding stream that accelerates infrastructure resilience, targeted assistance, and clean‑energy R&D, but it raises consumer costs, imposes compliance burdens, redirects most revenue to highways, and introduces regulatory limits and uncertainty that could delay broader emissions controls.
All taxpayers and road/transit users will see a large, recurring increase in federal infrastructure funding (70% of RISE receipts to the Highway Trust Fund plus additional coastal and flood mitigation dollars), accelerating repairs and resilience projects for roads, bridges, transit, and coastal defenses.
Low-income households and state programs will receive direct financial support (annual grants from RISE receipts and Weatherization Assistance funding) to reduce energy burdens and improve home energy efficiency.
U.S. researchers and clean-energy industries will gain sustained R&D funding (ARPA‑E, carbon capture/removal, battery storage) paid from emissions-related receipts, supporting technology development and potential job growth.
Households and consumers will face higher energy and product prices because emitters may pass emissions-related charges through to consumers and some fuels could become more expensive.
Taxpayers and lower-income households could disproportionately shoulder costs (regressive impacts), since price increases and redirected revenues may not fully offset burdens despite targeted assistance.
Regulatory authority over greenhouse-gas emissions is limited and tied to tax-reporting triggers, creating uncertainty and potentially delaying or blocking emissions limits for many combustion sources until triggers are met.
Based on analysis of 10 sections of legislative text.
Creates a domestic greenhouse gas tax with border adjustments, directs most revenue to a RISE Trust Fund for infrastructure, resilience, energy R&D and worker aid, and limits some EPA regulation while the tax applies.
Imposes a new domestic greenhouse gas emissions tax (with border adjustments) and directs most of the revenue into a new RISE Trust Fund to pay for highways, airports, climate resilience, energy R&D, worker assistance, and related programs. It also creates a temporary moratorium on certain EPA regulation of emissions or fuels that are taxed, establishes multi-year grant programs for flood mitigation and worker transition, and forms a bipartisan National Climate Commission to set emissions-reduction goals and report on progress. The tax and tax-linked rules take effect for emissions after the later of December 31, 2025, or one year after IRS implementing regulations; the bill specifies revenue shares for FY2027–FY2036, sets timelines and exception triggers for the EPA moratorium (ending no later than January 1, 2039), and funds a 10-year package of grants and worker programs plus a standing climate commission funded through FY2039.
Introduced May 13, 2025 by Brian K. Fitzpatrick · Last progress May 13, 2025