Sponsors
This bill directs new, dedicated revenues and grants toward climate, infrastructure, health, security, and veterans' priorities while expanding access and accountability in several areas — but it restructures taxes and trust funds, narrows regulatory authority and transparency in places, and imposes compliance and fiscal costs that could raise prices and shift long‑term budgetary risk onto taxpayers.
State governments, drivers, and local communities get new, dedicated revenue and grants (formula payments tied to in-state emissions plus 70% of RISE receipts to the Highway Trust Fund) to fund climate resilience, roads/bridges, energy R&D, and worker transition programs.
Patients, clinicians, and hospitals receive a sustained boost in cancer research funding (NCI receives 25% of its FY2024 appropriation annually 2026–2030) and a mandated HHS/FDA study to address cancer drug shortages.
Federally funded K–12 schools (students and staff) can access up to $100M/year for ten years to install/upgrade reinforced interior and exterior doors with standardized testing/certification, improving school physical security and product reliability.
A new tax/tariff framework and related border adjustments will raise costs for emitters and importers, risking higher energy, fuel, and consumer prices for American households.
The bill creates a moratorium on EPA regulation of taxed greenhouse‑gas emissions that could limit the agency's ability to implement environmental and public‑health protections.
Repealing federal motor‑vehicle and aviation fuel excise taxes (after Dec 31, 2025) and shifting large shares of revenue into formulas/trust funds reduces Congressional appropriations flexibility and could create long‑term fiscal volatility and obligations.
Based on analysis of 24 sections of legislative text.
Creates a new greenhouse‑gas tax and border adjustment funding a RISE trust fund, plus provisions on cancer research funding, PFAS liaison, school door standards with grants, election rules, ethics limits, and VA ALS benefits.
Creates a new domestic greenhouse-gas tax regime (a new Subtitle L of the Internal Revenue Code) with a border greenhouse-gas adjustment, and directs most of those receipts into a new "Rebuilding Infrastructure and Solutions for the Environment (RISE) Trust Fund" that largely benefits transportation and energy/environment programs. It also packages many unrelated provisions: new cancer research funding, a DoD PFAS community liaison, a National Bipartisan Fiscal Commission with expedited congressional procedures, an intelligence sharing review, tighter House ethics limits on certain financial instruments, improved anti‑trafficking financial measures, school door standards with grant funding, primary‑voter access and noncitizen voting rules, an Election Day federal holiday, veterans and ALS benefit changes, and other programmatic updates. Effective timing varies by provision: the greenhouse‑gas tax rules apply to emissions occurring after the later of December 31, 2025, or one year after required regulations are issued; other sections set their own deadlines for reports, appointments, or rulemaking and include several years of authorized funding for specific programs.
Introduced April 24, 2025 by Brian K. Fitzpatrick · Last progress April 24, 2025