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Creates a new economy-wide carbon fee on fossil fuels, selected industrial emissions, and certain manufactured products, deposits most revenue into a new RISE Trust Fund for highways, climate resilience, energy R&D, and state relief for low-income households, and repeals or adjusts some existing fuel taxes and credits. The bill also bundles many other major actions: a new Market Choice Act that pauses some EPA greenhouse-gas regulation while reallocating tax-credit rules and funding worker assistance; sweeping mandatory sanctions on Russian actors and trade; rules to limit certain investments by House Members; a national fiscal commission with expedited congressional consideration; a CISA-led school door security rulemaking with grant funding; expanded veterans’ survivor benefits for ALS deaths; protections for unaffiliated primary voters; and a set of department-level and agency actions (PFAS community liaison, DNI intelligence review, CISA rulemaking, and others). Effects are broad: energy producers, consumers, state and local governments, federal agencies, transportation programs, displaced energy workers, veterans and survivors, schools, election administrators, and financial institutions would face new taxes, programs, funding streams, regulatory changes, and compliance requirements. Several provisions phase in over time (notably the carbon fee in 2027 and veterans’ DIC changes effective for deaths on or after October 1, 2025).
The bill pairs a nationwide carbon‑pricing and revenue plan that funds low‑income energy relief, transportation infrastructure, and clean‑energy investments with targeted national‑security, election, veterans, and safety measures — trading significant climate and fiscal tools and new benefits against higher consumer energy costs, increased compliance complexity, concentrated executive sanctions authority, and transitional fiscal and implementation uncertainties.
A predictable federal carbon price (starting $35/ton in 2027 with scheduled increases and inflation indexing) creates a clear market signal that encourages emissions reductions and investment in lower‑carbon energy.
Low‑income households (eligibility ≤150% of poverty or SNAP/SSI) are eligible for annual State grants financed from RISE receipts to offset increased energy costs.
RISE receipts dedicate a large, predictable revenue stream to surface transportation (70% to the Highway Trust Fund through 2036) while also directing funds for clean energy research (ARPA‑E, carbon capture/removal R&D, battery storage, CO2 pipeline grants), supporting infrastructure and technology development.
A new federal carbon tax on fossil fuel owners/importers (starting at $35/ton in 2027) will very likely increase fuel and energy prices that are passed through to consumers, raising household and business costs.
Even with State grants, low‑income households could still be disproportionately burdened if grants do not fully offset higher energy and transportation costs.
The repeal of federal motor vehicle and aviation fuel taxes after 2025 and the transition to a new revenue regime creates fiscal and market uncertainty for transportation funding and could complicate state and local budgeting.
Introduced December 11, 2025 by Brian K. Fitzpatrick · Last progress December 11, 2025