Sponsor
Brian K. Fitzpatrick
Representative · R-PA
Representative · R-PA
The bill channels new, targeted revenue into infrastructure, climate, health, security, and veterans programs and tightens ethics and anti‑trafficking rules, but it does so by restructuring taxes and funds in ways that could raise energy costs, limit EPA regulatory authority and congressional budget flexibility, reduce transparency in some processes, and shift costs or compliance burdens onto states, localities, businesses, and vulnerable households.
State governments and highway users: the bill creates a steady new revenue stream (RISE receipts, with 70% to the Highway Trust Fund) and annual, emissions‑proportional grants to states to fund climate resilience and surface-transportation projects, supporting roads, bridges, and state climate programs.
Patients with cancer and clinicians: annual, increased National Cancer Institute (NCI) funding (25% of FY2024 appropriation for 2026–2030) plus an HHS/FDA study to diagnose and address cancer drug shortages should accelerate research and improve treatment availability.
Energy sector workers and innovators: the bill directs funding for energy R&D (ARPA‑E, NETL, carbon removal, battery storage) and creates programs to assist displaced energy workers and community redevelopment, promoting innovation and smoother transitions for workers.
Low- and middle-income households and businesses: the bill creates a new emissions tax/tariff framework that will raise costs for emitters and could increase energy, fuel, and consumer prices.
General public and public-health systems: a moratorium on EPA regulation of taxed greenhouse‑gas emissions could block or delay environmental and health protections that would otherwise reduce pollution and related health harms.
Highway users and federal budget planners: repealing federal motor-vehicle and aviation fuel excise taxes after Dec 31, 2025 risks disrupting existing trust‑fund revenue streams, shifting tax burdens or creating shortfalls for transportation programs.
Based on analysis of 24 sections of legislative text.
Creates a new greenhouse-gas pricing subtitle with a RISE Trust Fund for transportation/environment funding, expands NCI funding, election and voting rules, veterans' ALS benefits, ethics and AML reforms, and school door standards.
Official title: To advance commonsense priorities.
Introduced April 24, 2025 by Brian K. Fitzpatrick · Last progress April 24, 2025
Creates a new greenhouse gas pricing framework in the Internal Revenue Code, establishes a dedicated RISE Trust Fund to allocate most receipts to transportation, energy, and environmental programs, and sets the effective date for covered emissions after Dec 31, 2025 (or one year after required regulations). The bill also funds and mandates programs across multiple areas: boosts National Cancer Institute funding, directs DoD PFAS community coordination, creates a bipartisan fiscal commission with expedited congressional procedures, requires House Members to pledge not to trade certain financial instruments, strengthens anti‑trafficking AML/CFT efforts, mandates a CISA advisory process and funding for school door standards, expands veterans’ categories in federal programs, designates Election Day a federal holiday, requires states to allow unaffiliated voters in primaries to receive federal election funds, and expands VA treatment rules for deaths from ALS.