Sponsors
The bill channels new revenue toward infrastructure, energy transition, conservation, cancer research, voting access, and targeted program support while imposing new greenhouse‑gas taxes and border adjustments, adding compliance costs and constraints on regulatory and fiscal flexibility — a trade‑off between funding ambitious public priorities and raising costs/administrative burdens for taxpayers, businesses, and some communities.
Taxpayers and road users: establishes a dedicated RISE Trust that directs the bulk of new revenues to the Highway Trust Fund, increasing multi-year funding for roads and bridges (FY2027–2036).
Low-income households: creates state grant set‑asides for energy assistance and home weatherization to reduce energy bills and improve home efficiency.
Workers and the clean‑tech economy: funds worker transition assistance (retraining, relocation, early retirement, health benefits, community redevelopment) and boosts climate/energy R&D (ARPA‑E, carbon capture, storage and batteries) and multi‑year conservation appropriations to support job transitions, innovation, and land stewardship.
Most taxpayers, consumers, and businesses: creates a new domestic greenhouse‑gas tax plus border GHG adjustments that increase costs for emitters and importers (and repeals some existing fuel taxes), raising consumer prices and compliance burdens for businesses and traders.
Public health and regulators: imposes a statutory moratorium on certain EPA GHG regulatory actions while the tax regime applies, limiting regulators' non‑tax tools to control emissions and potentially weakening protections for health‑sensitive communities.
Taxpayers and federal budgeting: directing large shares of new revenues into specific trust funds reduces general Treasury flexibility, risks crowding out other priorities, and creates exposure if revenue projections fall short.
Based on analysis of 20 sections of legislative text.
Imposes a new domestic greenhouse gas tax with a border adjustment and RISE Trust Fund, and packages unrelated measures on cancer funding, PFAS, congressional ethics, elections, AML, veterans, and VA rules.
Introduced December 11, 2025 by Brian K. Fitzpatrick · Last progress December 11, 2025
Creates a new domestic greenhouse gas tax with a companion border greenhouse gas adjustment and directs most receipts into a new RISE Trust Fund to support infrastructure and energy programs; the tax becomes effective for emissions after the later of December 31, 2025, or one year after required regulations are issued. The bill also includes many unrelated provisions: supplemental cancer research appropriations, a DoD PFAS community liaison, a National Bipartisan Fiscal Commission with expedited congressional procedures, new House rules limiting Members’ ownership of certain financial instruments, strengthened anti‑trafficking AML measures, primary election changes for unaffiliated voters and noncitizen voting prohibitions tied to federal election funds, a federal observance for Election Day, expanded disadvantaged business enterprise status for veteran‑owned firms, and restoration of prior VA personnel disciplinary rules. Overall, the measure is an omnibus package that changes tax law, creates a major new trust fund and distribution plan, directs new appropriations and studies, alters congressional ethics rules, revises election funding conditions, and changes administrative and personnel rules across multiple federal agencies—requiring significant rulemaking, new reporting, and interagency coordination before full implementation.