Sponsor
Thomas Suozzi
Representative · D-NY
Representative · D-NY
The bill raises and dedicates substantial new revenues to infrastructure, climate programs, research, and targeted social benefits while expanding voting access and ethics/anti‑trafficking rules — but it does so by imposing an emissions tax and other new requirements that will raise costs for consumers and businesses, increase administrative and compliance burdens, delay some regulatory actions, and add to federal spending pressures.
Drivers, transit riders, state and local governments will get a more predictable and dedicated revenue stream for roads, bridges, transit, climate, and conservation programs via the RISE Trust Fund and a large share of revenues directed to the Highway Trust Fund.
Low-income households and domestic clean-energy industries gain funding for weatherization, clean-energy R&D and deployment (ARPA-E, carbon capture, battery storage), which can lower energy bills over time and spur tech jobs.
Cancer patients and health systems gain multi-year increases in NCI funding and a mandated HHS/FDA study on drug shortages, improving research capacity and potentially reducing treatment interruptions and drug costs.
Most Americans, consumers, and businesses that emit greenhouse gases face higher energy and goods costs because the bill establishes a domestic emissions tax and border GHG adjustment and repeals the federal fuel excise tax, shifting costs onto taxpayers, consumers, and firms.
Public health and communities could lose timely air and climate protections because the EPA's regulatory authority to limit greenhouse gas emissions is moratoriumed or delayed, potentially postponing non‑tax regulatory actions until the 2030s.
Businesses, state agencies, and federal offices will face substantial new administrative, reporting, and compliance burdens—from the emissions tax and border adjustments to grant formulas, ethics reviews, AML upgrades, and commission processes—that raise costs and operational complexity.
Based on analysis of 24 sections of legislative text.
Creates a federal greenhouse gas emissions tax with a border adjustment, creates a RISE Trust Fund to distribute most receipts, and bundles funding and policy changes across health, elections, security, AML, school safety, and veterans programs.
Official title: To advance bipartisan, common sense solutions.
Introduced October 24, 2025 by Thomas Suozzi · Last progress October 24, 2025
Imposes a new domestic greenhouse gas emissions tax and a border greenhouse gas adjustment, creates a federal trust (RISE Trust Fund) to direct most receipts to transportation and energy programs, and establishes new spending streams and program changes across health, veterans, elections, national security, financial regulation, and school safety. The bill bundles tax, appropriations transfers, program authorizations, regulatory requirements, and administrative reforms that take effect on different schedules (the emissions tax applies after Dec 31, 2025 or one year after implementing regulations). Other major actions include multi-year supplemental funding for cancer research, a Department of Defense PFAS community coordinator, a National Bipartisan Fiscal Commission with expedited congressional procedures for its recommendations, an ethics rule banning Members from trading many individual securities, enhanced anti‑trafficking AML work, new school door safety rulemaking with grant funding, requirements to allow unaffiliated voters in federal primaries, designation of Election Day as a federal holiday, expanded veteran-owned business access to DBE programs, and changes to VA benefits for veterans who die of ALS.