HR3001119th CongressWALLET

To advance commonsense priorities.

Sponsored By: Representative Fitzpatrick

Introduced

Summary

Creates a federal carbon price on greenhouse gas emissions. It imposes per‑ton taxes on fossil fuels, industrial sources, and certain product uses, pairs those taxes with border adjustments on imports and exports, and channels most revenue into a new RISE Trust Fund for transport, resilience, grants, and clean‑energy programs.

Show full summary
  • Low-income households: State grants from the RISE Trust Fund help households with income up to 150% of the federal poverty line and receive about 10% of RISE funds for distribution through state plans.
  • Manufacturers and trade: Border tax adjustments apply to eligible GHG‑intensive, trade‑intensive sectors to tax imports and rebate exports; sectors meeting roughly 5% GHG intensity and 15% trade intensity are presumptively eligible.
  • Energy producers and heavy industries: A fossil fuel tax starts at $35 per metric ton CO2e in 2027 and increases yearly by CPI plus 5 percentage points, with an extra $4 per ton if cumulative emissions exceed set caps; the law creates refund paths for verified carbon capture and certain noncombustive uses.

Bill Overview

Analyzed Economic Effects

24 provisions identified: 17 benefits, 4 costs, 3 mixed.

ALS survivors get VA compensation

If a veteran dies from ALS on or after October 1, 2025, the surviving spouse could qualify for Dependency and Indemnity Compensation. To get the payment, the spouse must have been married to the veteran for at least eight continuous years before the death.

Safer school doors with new funding

CISA would convene a committee within 90 days to recommend stronger door standards for K–12 schools that get federal funds. A final rule would be issued within six months after the report. The bill would authorize $100 million in the year the rule is issued and for the next nine fiscal years to pay for installing or upgrading school doors.

More funding for cancer research

From 2026 through 2030, the National Cancer Institute would receive extra funding each year equal to 25% of its FY2024 appropriation. The money would be on top of other funding and would stay available until spent. This could expand cancer research capacity.

RISE fund for roads and resilience

75% of the new emissions tax money would go to a RISE Trust Fund. From 2027–2036, funds would be split by set percentages each year (for example, 70% to the Highway Trust Fund and 10% to State grants). Money would also support flood‑mitigation projects with up to a 90% federal share, and transfers to LUST and the Reforestation Trust Fund would be allowed, with one transfer due within nine months. The bill would define which carbon‑removal technologies can get RISE‑related funding.

Refunds and credits for captured emissions

Firms that capture and permanently store taxed emissions could get a refund of the tax paid. Manufacturers could also get refunds if they prove their process turns fossil fuel into products that cut or eliminate lifetime emissions, under rules set by Treasury and EPA. Payments to States for similar emissions charges would reduce federal payments through a five‑year phase‑down credit (100%, then 80%, 60%, 40%, 20%).

Ban noncitizen voting in elections

States would be barred from allowing noncitizens to vote in federal elections. To use federal funds for election administration, a State would have to certify it also bars noncitizen voting in all state and local elections and ballot questions.

Pause on many EPA carbon rules

This bill would block EPA from issuing or enforcing many greenhouse gas rules for taxed fuels and sources. Some vehicle, fuel, and aircraft standards and other health protections could continue. The pause would end January 1, 2039, or earlier if certain emission conditions are met.

New carbon tax on fuels and industry

This bill would create a new federal tax on greenhouse gases. It would tax fossil fuels when produced or imported based on the CO2 released when burned. The rate would be $35 per metric ton in 2027, then rise each year by 5 percentage points plus inflation, with an extra $4 added if cumulative emissions exceed set limits. Large industrial facilities (over 25,000 metric tons CO2e a year) and some products used by customers would also be taxed at the same per‑ton rate. The tax would be collected at set points like mine mouth, refinery exit, gas plant exit, or at import, and could start after December 31, 2025 or one year after rules are issued, whichever is later.

Border fees on high-emission imports

The bill would set a border tax adjustment. Importers of covered goods could pay a fee, and exporters could get rebates, based on the goods’ emissions. Within one year, the government would pick sectors and publish rates each year. Sectors with at least 5% greenhouse gas intensity and 15% trade intensity would qualify, and industry could petition for coverage. Some countries and products could be exempt, and the President could pause fees for certain sectors.

State aid for low-income households

Treasury would give each State a yearly grant to pass through to low-income households. You could qualify if income is at or below 150% of the poverty line, or if your household is in SNAP or related food programs, gets SSI, or qualifies for the Medicare Part D low-income subsidy. States would get money based on their share of last year’s electricity, natural gas, gasoline, diesel, and ethanol sales. Treasury would send funds only after a State shows its distribution plan and would set yearly timing rules within one year of enactment.

Help for energy workers losing jobs

If enacted, the Labor Department would run a 10-year program to help energy workers who lose jobs because of this bill. It could pay for job training, moving costs, early retirement, and health benefits. Some funds could go to affected towns and to the 1974 UMWA pension plan, subject to funding limits. Eligible workers would include fossil fuel workers displaced by this Act and some nuclear plant workers tied to recent or pre-announced closures.

Prevailing wages on funded projects

Workers on projects funded or assisted under this title would have to be paid at least the local prevailing wage. The Secretary of Labor would set the rates.

Lower federal fuel taxes after 2025

Federal excise taxes on motor vehicle and aviation fuels would be repealed for transactions after December 31, 2025. This would lower federal taxes at the pump and on jet fuel and could reduce fuel prices. Households would pay less federal tax on fuel purchases after that date.

Open primaries for unaffiliated voters

States would have to let unaffiliated registered voters vote in federal primaries, but not in more than one party’s primary for the same office. States could not share unaffiliated voters’ names and contact info with parties or likely solicitors, and could not reclassify them as party members just for voting in a primary. States that certify compliance would get a payment equal to 2% of their HAVA requirements payments for that year and the next four years.

Stronger bank checks against trafficking

Bank examiners would review training and exams to better spot financial activity tied to severe trafficking, within 180 days of enactment. An interagency task force would deliver recommendations within 270 days. It would consult Treasury, banks, victims, and law enforcement, but would not get rulemaking power or push banks to deny services to victims.

Triple penalty for unpaid emissions tax

If enacted, anyone who fails to pay what is owed under the new emissions taxes would owe a penalty equal to three times the required amount for that year. The penalty would be due to Treasury without demand.

Phase-in and measurement rules for tax

EPA would set methods to calculate taxable emissions and avoid double counting, with rules issued at least one year before the tax period. Treasury could not collect the tax for any calendar year that starts less than one year after the needed rules are published. EPA could not require a costly measurement method if its extra cost is bigger than the extra tax it would find.

Election Day as a federal holiday

Election Day would become a federal holiday. Federal workers and workplaces that follow federal holidays could see schedule changes, which could make voting easier.

More contract access for veteran small businesses

Veteran-owned small businesses that meet federal definitions would be treated like disadvantaged firms for certain transportation contracting. If enacted, this could open more bidding and subcontracting chances for those businesses. The change would take effect upon enactment.

DoD coordinator for PFAS communities

The Defense Department would name a coordinator within one year to improve outreach to communities affected by PFAS contamination. The coordinator would help connect the Pentagon, local governments, groups, and residents on cleanup projects.

National Climate Commission and reports

A bipartisan 10‑member Climate Commission would set emissions goals for 2031 and every five years through 2056. It would report starting in 2032 and could get $5 million a year from 2027 to 2036. Donations would be allowed with public disclosure.

Stronger checks on trafficking finances

U.S. reports on countries’ anti‑trafficking efforts would also check if they have rules to stop moving money from severe human trafficking and if they prosecute those who try.

Ban stock trading by House Members

House Members would be barred from owning or trading many private investments like stocks, futures, and certain derivatives. They could still hold broad funds, U.S. Treasuries, state and local bonds, and Thrift Savings Plan accounts. Members would have to pledge compliance and provide records to the Ethics Committee if asked.

Debt commission to draft deficit plan

A 20‑member bipartisan Fiscal Commission would propose a plan to stabilize long‑term deficits and debt within 18 months. The President would send Congress a bill with chosen recommendations within 60 days, and a bill matching that text would get faster House consideration.

Sponsors & CoSponsors

Sponsor

Fitzpatrick

PA • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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