Sponsors
The bill directs substantial, targeted federal funding to infrastructure, health research, school security, veterans, and anti‑trafficking efforts while accelerating clean‑energy investment and voting access — at the cost of new energy taxes and compliance burdens, concentrated deficit‑cutting authority, increased federal spending obligations, and trade‑offs for privacy, regulatory protections, and administrative complexity.
States, localities, and travelers will receive predictable annual RISE Trust Fund allocations that fund highways, airports, transit, and coastal flood‑resilience projects, improving transportation infrastructure and reducing flood risk for communities.
Utilities, clean‑energy firms, and workers benefit from grants and R&D funding for carbon capture, CO2 pipelines, battery storage, and ARPA‑E projects, and displaced energy workers receive retraining and transition assistance, supporting clean‑tech deployment and labor transitions.
Cancer patients, clinicians, and researchers receive substantially increased NCI funding (an extra 25% of FY2024 each year 2026–2030, available until expended) plus an HHS/FDA study on drug shortages, boosting research capacity and aiming to improve drug availability over time.
Households and businesses that emit greenhouse gases would face new taxes, raising energy and fuel costs and increasing compliance burdens for firms, likely passing some costs onto consumers.
The bill pauses or changes federal regulatory and fuel‑tax structures (including a moratorium on EPA GHG regulations while the tax applies and repeal of some motor/aviation fuel taxes), which could reduce near‑term pollution protections and complicate federal and state revenue frameworks.
Multi‑year supplemental NCI appropriations and directed studies increase federal spending obligations funded by taxpayers, and a study alone may not quickly resolve cancer drug shortages, leaving patients at risk during implementation delays.
Based on analysis of 24 sections of legislative text.
Imposes a federal greenhouse gas emissions tax with a border adjustment, creates a RISE Trust Fund for dedicated allocations, and packages numerous changes including cancer funding, voting rules, VA ALS benefits, ethics, and security measures.
Introduced April 24, 2025 by Brian K. Fitzpatrick · Last progress April 24, 2025
Creates a new federal greenhouse gas emissions tax with a related border adjustment, funnels most receipts into a new “RISE” trust fund that pays set shares to highways, airports, energy and climate programs, and other infrastructure and mitigation priorities for 2027–2036. The bill also includes supplemental cancer research funding, new veterans’ benefits for ALS deaths, rules to expand unaffiliated voter participation in primaries, a new federal holiday entry for Election Day, tighter House member trading restrictions, anti‑trafficking financial measures, school security rulemaking and funding for reinforced doors, creation of a bipartisan fiscal commission, several national security and intelligence reporting requirements, a DoD PFAS community coordinator, and small contracting and other technical changes. The measure changes tax, spending, governance, veterans, election, ethics, national security, and public health rules in one package. Key operational dates include the emissions tax applying after the later of December 31, 2025 or one year after required regulations are issued, RISE fund allocations for FY2027–2036, ALS survivor benefits for deaths on or after October 1, 2025, and multiple agency deadlines for studies, reports, committee formation, and rulemaking within 90–540 days of enactment depending on the provision.