The bill, despite its stated title, contains a package of provisions concerning greenhouse gas taxation and infrastructure, cancer research, PFAS-impacted defense communities, fiscal policy, financial institutions and human trafficking, school safety, voting, intelligence sharing, election observance, veteran-owned businesses, and Department of Veterans Affairs personnel procedures. The climate provisions would impose taxes on fossil-fuel and certain industrial-process emissions, create the RISE Trust Fund, and direct 70 percent of the fund for fiscal years 2027 through 2036 to the Highway Trust Fund. Other provisions would establish a National Bipartisan Fiscal Commission, authorize expedited consideration of its recommendations, require school emergency-response procedures as a condition of certain education funding, and authorize grants for unaffiliated voters’ participation in primary elections.

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