Sponsors
The bill channels new revenue toward infrastructure, climate resilience, veterans, school safety, and national-security measures while imposing a predictable emissions price, sanctions, and regulatory changes that may raise costs for consumers and businesses, create compliance complexity, and delay certain federal environmental regulations.
State and local governments (and therefore drivers, transit riders, and airport users) gain new, dedicated revenue for roads, bridges, airports, transit, and flood/climate-resilient projects plus targeted annual Treasury grants for energy/bill assistance to low-income households.
Imposes a predictable economy-wide emissions price (starting at $35/ton and rising) and creates refunds/credits for carbon sequestration and related activities, giving businesses clearer, stronger incentives to reduce greenhouse-gas emissions and invest in removal technologies.
Creates a bipartisan, empowered commission and an expedited legislative process to produce an evidence-based package to address the long-term federal deficit and debt, with CBO inclusion of debt-service costs to improve budget transparency.
New taxes on fuels and industrial emissions and steep duties on Russian imports will raise fuel, electricity, and consumer product prices for many Americans, increasing costs for households and businesses.
A moratorium and limits on EPA authority to regulate greenhouse gases for taxed fuels through 2039 (and related exemptions) risks delaying federal emissions limits, increasing cumulative GHG emissions and local air-pollutant harms that affect public health.
Industries and workers in fossil-fuel and related sectors face job losses, revenue declines, and economic disruption as costs rise and investment shifts, with ripple effects in affected communities and supply chains.
Based on analysis of 22 sections of legislative text.
Imposes a rising carbon excise tax beginning 2027, limits EPA rules on taxed fuels, and bundles diverse reforms on PFAS, veterans’ benefits, school security, elections, sanctions, and House ethics.
Introduced December 11, 2025 by Brian K. Fitzpatrick · Last progress December 11, 2025
Imposes a new, escalating excise-style carbon tax on fossil fuels beginning in calendar year 2027 and links certain EPA greenhouse-gas regulation limits to whether those emissions or fuels are subject to the tax. Packages a wide range of unrelated reforms: changes to some energy tax-credit reallocations, a DoD PFAS community coordinator, a bipartisan fiscal commission with expedited consideration of a single legislative package, increased veterans’ survivor benefits for deaths from ALS (effective Oct 1, 2025), new House ethics restrictions on private trading by Members, sanctions-related authorities on Russia, required school door safety rulemaking with grant funding, and a federal requirement that states permit unaffiliated voters to participate in one party primary. Creates new taxes, regulatory limits, program authorizations, and administrative duties across multiple federal agencies, conditions some federal funding on state compliance with election rules, and authorizes targeted grant funding for school security measures. Many provisions take effect on enactment or within specified deadlines; the carbon tax schedule begins in 2027 and the VA ALS survivor change is effective Oct 1, 2025.