Sponsors
This bill directs new climate‑related revenues and targeted federal investments toward transportation, resilience, health research, national security, and governance reforms, but does so alongside new fuel taxation and earmarks, expedited fiscal procedures, and administrative mandates that raise costs, reduce regulatory flexibility and transparency, and create trade‑offs between public benefits and budgetary, privacy, and equity concerns.
Residents, commuters, and state governments get sustained, dedicated revenues from the new RISE receipts to support highways, bridges, transit, coastal flood resilience grants, targeted low‑carbon R&D, energy worker transition programs, and a 10% set‑aside for low‑income household energy assistance (FY2027–2036).
Taxpayers and Congress gain a bipartisan, expedited set of debt‑reduction options with integrated CBO cost estimates and procedural tools to accelerate enactment of fiscal reforms and improve long‑run debt transparency.
Cancer patients, clinicians, and researchers receive sustained additional funding for the National Cancer Institute (annual increases FY2026–FY2030) plus an HHS/FDA study to diagnose drug shortage causes and recommend ways to boost generics/biosimilars availability.
Low‑ and middle‑income households, motorists, and consumers may face higher fuel and energy prices because of a new domestic greenhouse‑gas emissions tax on fuels, while repeal of existing federal fuel taxes and a moratorium on EPA greenhouse‑gas rulemaking for taxed fuels create taxation uncertainty and delay regulatory protections.
The bill ties a large share of climate‑tax revenues to specific uses (major transfers to the Highway Trust Fund) and imposes prevailing‑wage and other mandates on federally funded projects, which could crowd out other federal priorities, reduce budgetary flexibility, and raise project costs that flow to taxpayers or recipients.
The expedited, closed procedural path for debt‑reduction proposals and exemptions (including from FACA) limits congressional amendment, public deliberation, and transparency, increasing the likelihood that politically favored cuts or measures could be enacted with limited scrutiny and reducing stakeholder input.
Based on analysis of 24 sections of legislative text.
Introduced October 24, 2025 by Thomas Suozzi · Last progress October 24, 2025
Imposes a new domestic greenhouse‑gas emissions tax and routes most receipts into a new RISE Trust Fund to finance highways and other federal programs while repealing existing federal motor fuel and aviation fuel taxes for transactions after 2025. It also creates a mix of unrelated provisions: a recurring boost to cancer research funding and a study on drug shortages; expanded survivors' benefits for veterans who die from ALS; federal rules and grant funding to require reinforced doors in K–12 schools; new rules for open primaries for unaffiliated voters tied to federal grants; a bipartisan fiscal commission with an expedited congressional process; ethics limits on Members' financial trading; anti‑money‑laundering actions focused on trafficking; PFAS outreach at DOD; intelligence review on sharing with Ukraine; and other programmatic changes.