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HR5827119th CongressWALLET

To advance bipartisan, common sense solutions.

Sponsored By: Representative Suozzi, Thomas R. [D-NY-3]

In Committee

Summary

A federal greenhouse gas tax would be created to charge emissions from fossil fuels, specified industrial processes, and certain product uses, paired with border carbon adjustments and a new RISE Trust Fund to direct most revenue to infrastructure and climate programs.

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  • Low-income households: States would receive grants from 10 percent of RISE Trust Fund allocations to send to households at or below 150 percent of the poverty line or participating in SNAP and related programs.
  • Industry and trade: Producers and owners at defined points of taxation would pay an emissions tax starting at $35 per metric ton CO2e in 2027, with annual increases and possible extra increases if emissions targets are missed. Imports and exports of covered goods face border adjustments to limit carbon leakage and rebate exporters for taxed costs.
  • Infrastructure, workers, and research: About 75 percent of subtitle L receipts would be placed in the RISE Trust Fund. Annual appropriations would send 70 percent of those funds to the Highway Trust Fund and carve out funding for flood mitigation, carbon removal R&D, and a 10-year displaced energy worker program.

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Bill Overview

Analyzed Economic Effects

15 provisions identified: 7 benefits, 3 costs, 5 mixed.

Repeal of federal fuel excise taxes

The bill would repeal the federal motor vehicle and aviation fuel excise taxes for transactions after December 31, 2025. If enacted, this would remove those federal excise tax charges from fuel transactions after that date. This change could lower federal fuel tax bills and affect fuel prices and federal receipts.

New greenhouse gas tax rules

This bill would create a new federal greenhouse gas tax on fuels, industrial sources, and certain products. The tax would start at $35 per metric ton of CO2e for calendar year 2027 and rise each year by 5 percentage points plus the prior year's CPI‑U change. The bill would set rules for how to measure taxable emissions, allow refunds when emissions are permanently sequestered or products are transformed to cut lifetime emissions, and let taxpayers credit amounts paid to States on a five‑year sliding scale. It would also impose a penalty equal to three times the applicable tax for failures to comply.

Limits on EPA greenhouse gas rules

The bill would change Clean Air Act rules so EPA could set some vehicle and engine greenhouse gas limits but would generally be barred from imposing fuel requirements to reduce combustion GHG emissions. It would also create a moratorium on EPA rules that limit certain greenhouse gas emissions after a Subtitle L tax point or that are taxed under Subtitle L, with exceptions and triggers tied to emissions levels and an outer date of Jan. 1, 2039. The changes would shift where and when EPA can regulate vehicle makers, fuel producers, nonroad equipment, and aircraft engine emissions.

RISE Trust Fund and local grants

The bill would put 75% of Subtitle L receipts into a new RISE Trust Fund for FY2027–FY2036. Each year the law would split that money by set percentages, with large shares to the Highway Trust Fund and smaller shares for state low‑income household grants, flood resilience, displaced energy worker assistance, airports, energy R&D, reforestation, and other programs. States would get low‑income household grants based on their share of sales of electricity, gas, and fuels; eligible households include those with income at or below 150% of poverty and SNAP, SSI, or certain Medicare subsidy recipients. The bill would also fund flood mitigation projects and a 10‑year displaced energy worker program, and it would apply Davis‑Bacon prevailing wages to covered federally funded projects.

Import and export border charges

The bill would add border tax adjustments that charge imports of covered, GHG‑intensive goods and rebate Subtitle L taxes on exports. Treasury and Customs would have one year to write rules that list covered products and set calculation, appeal, and anti‑circumvention procedures. Some low‑income countries and small emitters would be exempt, and the President could decline to apply adjustments for national or economic reasons. The adjustments would apply after the later of Dec. 31, 2025, and one year after required rules are issued.

Grants to reinforce school doors

The bill would require CISA to set a rule and fund reinforced interior and exterior doors in federally funded K‑12 schools. CISA would convene a committee, report to Congress in one year, and issue a final rule within six months after the report. The bill authorizes an additional $100 million for the year the rule is issued and for each of nine years after to carry out the program.

More cancer research and a shortages study

The bill would add funding to the National Cancer Institute equal to 25% of NCI's FY2024 appropriation for each year FY2026–FY2030. Those amounts would remain available until spent and be in addition to other NCI funds. The bill would also require HHS and FDA to study cancer drug shortages and report recommendations to Congress within one year.

National Bipartisan Fiscal Commission

The bill would create a 20‑member National Bipartisan Fiscal Commission within 90 days to prepare a plan to stabilize long‑term deficits and debt. The commission could hold hearings, issue subpoenas, and must report to Congress within 18 months. Within 60 days of the report, the President would transmit a special message and proposed joint resolution explaining the commission's recommendations and what was included or left out.

New National Climate Commission

The bill would create a 10‑member bipartisan National Climate Commission with appointments due within 180 days of enactment. The commission would set emissions goals for 2031 and every five years through 2056 and report starting in 2032. It could get information from agencies and accept private donations that must be posted publicly, and it is authorized $5 million a year for FY2027–FY2036.

DoD PFAS community coordinator

The bill would require the Secretary of Defense to designate a Coordinator for Engagement with Defense Communities Affected by PFAS within one year of enactment. The coordinator would improve outreach, education, and liaison work with local governments, advocacy groups, and residents near DoD PFAS remediation sites. The role aims to make cleanup communication and assistance more consistent.

Review of intelligence sharing for Ukraine

The bill would require the Director of National Intelligence to review whether sharing more intelligence with Ukraine improves U.S. and allied security. The DNI would consult Defense and the CIA and deliver a classified report to congressional intelligence committees within 90 days of enactment.

Unaffiliated voters may use primaries

The bill would require States to let unaffiliated registered voters vote in any party primary for federal office, but a voter could not vote in more than one party's primary for the same office. States could not share unaffiliated primary voter information with parties for political or commercial uses. A State that certifies compliance to the Election Assistance Commission would get a payment equal to 2% of its HAVA requirements payments for that year and the next four years.

Stronger anti‑trafficking financial reviews

The bill would direct financial regulators and an interagency task force to review and recommend improvements to anti‑money‑laundering practices tied to severe trafficking. The Financial Institutions Examination Council would complete a 180‑day review to improve bank training and examination procedures. The Interagency Task Force would give a report within 270 days with legislative and administrative recommendations, best practices, and training changes.

House members' investment limits

The bill would bar Members of the U.S. House from owning or trading many financial instruments like derivatives, commodities, and options. Exceptions would include widely held registered investment funds, U.S. Treasury securities, state and local bonds, and Thrift Savings Plan investments. Each Member would have to submit a pledge of compliance to the House Ethics Committee and provide information on request.

No noncitizen voting in federal elections

The bill would state that no person who is not a U.S. citizen may vote in any taxpayer‑funded federal election. States also could not allow noncitizens to vote in federal elections, and a State must certify it does not permit noncitizen voting to receive federal election administration funds. The rule would apply as of enactment.

Sponsors & CoSponsors

Sponsor

Suozzi, Thomas R. [D-NY-3]

NY • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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