Referred to the Subcommittee on Highways and Transit.
This bill creates a new federal tax on greenhouse gas emissions across fossil fuels, industrial processes, and certain products, starting at $40 per metric ton CO2e in 2027 and escalating annually.
It establishes border carbon adjustments, refunds for sequestration and noncombustive product uses, and a RISE Trust Fund to direct most revenue to highways, airports, state grants, climate R&D, carbon removal, and other programs.
The measure repeals federal motor vehicle and aviation fuel excise taxes, limits certain EPA regulatory authority over emissions taxed under the bill until trigger dates, funds displaced energy worker assistance, and creates a bipartisan National Climate Commission.
Large, ideologically charged tax and regulatory restructuring with complex international and administrative consequences historically has low enactment probability.
How solid the drafting looks.
EPA moratorium: liberals worried, conservatives sometimes supportive
EPA moratorium: liberals worried, conservatives sometimes supportive
Likely broadly favorable to a federal carbon price that funds infrastructure and climate programs, but skeptical about policy weaknesses.
Key concerns include the Clean Air Act moratorium on EPA regulation, possible low starting price, and refundable treatment for enhanced oil recovery.
Would push for stronger climate targets, protections for low-income households, and strict rules limiting fossil-fuel subsidies or loopholes.
Views the bill as a pragmatic market-based approach tying a carbon price to infrastructure funding and transition assistance.
Appreciates border adjustments and worker programs but worries about administrative complexity, international trade compliance, consumer price impacts, and the EPA moratorium's interaction with federal programs.
Would favor careful implementation, clear timelines, and consumer protections.
Likely opposed overall due to creation of a new, broad federal tax on fuels and industrial activity and expanded federal spending programs.
Some provisions—repeal of existing fuel excises and moratorium on EPA regulatory action—may be viewed positively, but the net effect is greater federal intervention and cost increases for businesses and consumers.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Large, ideologically charged tax and regulatory restructuring with complex international and administrative consequences historically has low enactment probability.
The bill has not accumulated any surfaced votes yet.
EPA moratorium: liberals worried, conservatives sometimes supportive
Large, ideologically charged tax and regulatory restructuring with complex international and administrative consequences historically has l…
Pro readers get the full perspective split, passage barriers, legislative design review, stakeholder impact map, and lens-based policy tradeoff analysis for MARKET CHOICE Act.
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