The bill would establish a broad package addressing greenhouse gas emissions, infrastructure, cancer research, PFAS-impacted defense communities, fiscal policy, financial trafficking, school safety, voting, Ukraine-related intelligence, and veterans’ and small-business matters. Its climate provisions would impose taxes on fossil-fuel and certain industrial-process greenhouse gas emissions, establish the RISE Trust Fund, and allocate 70 percent of that fund for fiscal years 2027 through 2036 to the Highway Trust Fund. The bill would also establish a National Bipartisan Fiscal Commission, provide expedited congressional procedures for considering its recommendations, and authorize additional school-safety program funding of $100,000,000 for the fiscal year in which a final rule is issued and each of the following nine fiscal years.

FactVote-generated overview; it is not an official CRS summary.