Sponsor
Thomas Suozzi
Representative · D-NY
Representative · D-NY
The bill shifts U.S. policy toward using a new emissions‑based revenue stream to fund infrastructure, clean‑energy R&D, public health, and targeted benefits—providing predictable investments and some voter and ethics reforms—while imposing new costs on energy consumers and businesses, delaying certain regulatory powers, increasing administrative burdens, and limiting some congressional and public oversight.
Drivers, transit riders, and local governments: the bill creates a predictable dedicated revenue stream (RISE Trust) that directs the majority of revenues to the Highway Trust Fund to support roads, bridges, and transit maintenance and projects.
Low-income households: the bill provides annual state grants and weatherization funding to reduce energy bills and improve home energy efficiency.
Tech workers, researchers, and future energy consumers: the bill invests in clean energy and carbon removal R&D and deployment (ARPA‑E, carbon capture, battery storage), which can spur jobs and lower longer‑term energy costs.
Most households and many businesses: the bill establishes a domestic greenhouse‑gas emissions tax plus a border GHG adjustment that will raise costs for energy‑intensive products and could increase consumer prices across the economy.
Public health and future emissions protections: the bill effectively limits EPA's ability to impose non‑tax GHG regulations for years (a moratorium or delayed authority), potentially delaying air and climate protections until the 2030s.
Fuel suppliers, drivers, and programs funded by fuel excise taxes: repealing federal fuel excise taxes starting Jan 1, 2026 could disrupt funding mechanisms, create market uncertainty, and complicate transportation program financing.
Based on analysis of 24 sections of legislative text.
Creates a new domestic greenhouse gas tax with a border adjustment, establishes the RISE Trust Fund to allocate most receipts, and enacts many programmatic changes across health, elections, security, and veterans benefits.
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 RISE Trust Fund to allocate most receipts to transportation and energy programs, and directs many related spending and program changes. The bill also funds cancer research, strengthens responses to PFAS contamination, creates a bipartisan fiscal commission with expedited consideration of its legislative package, expands rules to detect money laundering tied to human trafficking, mandates school door safety rulemaking with grant funding, changes voting and election administration rules (including allowing unaffiliated voters in federal primaries and establishing Election Day as a federal holiday), restricts certain kinds of Members’ financial trading, and makes veterans and VA benefit changes (including ALS presumptives). The measure is broad and complex: it alters the tax code, creates a new trust fund with specified allocations, authorizes and directs funding and program changes across transportation, energy, public health, national security, elections, financial regulation, and veterans benefits, and imposes new administrative and regulatory requirements on federal agencies and some state/local actors.