HR3001-119

What This Bill Does

This bill is an omnibus package. Its largest title is the MARKET CHOICE Act: it imposes a greenhouse gas tax starting at 35 dollars per metric ton of carbon dioxide equivalent in 2027, rising annually by inflation plus 5 percentage points, with possible 4 dollar adjustments if emissions targets are missed. The tax applies to fossil fuels at production or import points, industrial process emissions from listed source categories, and certain product-use emissions, with calculation rules, state payment credits, penalties, refunds for transformed fossil fuels and sequestration, and border greenhouse gas adjustment rules. It creates the RISE Trust Fund, directs major shares to highways, bridges, airports, transit, climate adaptation, and state grants, repeals federal motor vehicle and aviation fuel taxes, modifies advanced coal credits, limits duplicative Clean Air Act greenhouse gas regulations after point of taxation, funds flooding mitigation, provides 10 years of displaced energy worker assistance, and creates a National Climate Commission. Other titles appropriate increased National Cancer Institute cancer research funding for fiscal years 2026 through 2030, require a cancer drug shortage report, create a National Bipartisan Fiscal Commission with fast-track congressional consideration, add House lobbying restrictions, increase financial industry involvement in anti-human-trafficking efforts, set trafficking minimum standards, fund school interior and exterior door security, require states to let unaffiliated voters participate in taxpayer-funded primaries, bar noncitizen voting in federal elections and condition federal election funds for state and local elections, require an intelligence-sharing review for Ukraine, extend increased DIC treatment to surviving spouses of veterans who die from ALS, and require a VA report on other high-mortality service-connected disabilities.

Who Benefits and How

State transportation agencies benefit from RISE Trust Fund infrastructure spending and state grants. Low-income households can benefit from state grant distribution and climate-adaptation investments if appropriations direct funds that way. Displaced energy workers benefit from 10 years of assistance after enactment. National Cancer Institute researchers benefit from increased cancer research appropriations for fiscal years 2026 through 2030. Surviving spouses of veterans who die from ALS benefit from expanded dependency and indemnity compensation treatment. Unaffiliated voters benefit if states open taxpayer-funded primary elections while protecting party-affiliation data.

Who Bears the Burden and How

Fossil fuel producers and importers must pay the greenhouse gas tax at mine mouth, refinery exit, gas processing, point of sale, or import entry points. Industrial facilities in listed source categories must track and pay tax on process greenhouse gas emissions above thresholds. Product manufacturers and importers must account for non-fossil-fuel greenhouse gas emissions from covered products. Treasury Department and EPA administrators must write calculation, refund, border adjustment, penalty, and emissions-target rules. State election officials must implement unaffiliated-voter primary access and certify noncitizen voting restrictions to keep federal election funds. Financial institutions must take on additional anti-human-trafficking monitoring or standards duties.

Key Provisions

• Creates a greenhouse gas tax starting at 35 dollars per metric ton in 2027 with inflation, 5 percentage point annual increases, and emissions-target adjustments.
• Establishes border greenhouse gas adjustments and the RISE Trust Fund for infrastructure, state grants, and climate-adaptation uses.
• Repeals federal motor vehicle and aviation fuel taxes while limiting certain Clean Air Act greenhouse gas regulations after taxation.
• Funds displaced energy worker assistance, a National Climate Commission, National Cancer Institute research, and cancer drug shortage reporting.
• Creates fiscal commission procedures, anti-trafficking finance standards, school door security funding, primary-election access rules, and noncitizen voting restrictions.
• Requires a Ukraine intelligence-sharing review and expands ALS-related DIC treatment for surviving spouses of veterans.