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H.R. 3001, the "Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act," is a comprehensive legislative package that establishes a national carbon tax beginning in 2027, starting at $35 per metric ton of CO2 equivalent with annual increases tied to inflation plus 5 percentage points, and creates a border carbon adjustment system to prevent companies from relocating production abroad. The carbon tax revenue funds the RISE Trust Fund, which distributes 75 percent of proceeds to infrastructure projects—primarily highways (70 percent) and state grants for low-income households (10 percent)—while the remainder supports coastal resilience, clean energy research, and agricultural conservation. The bill also includes worker assistance programs for fossil fuel and nuclear sector employees, flood mitigation grants covering up to 90 percent of project costs, tax credits for low-income households to offset energy costs, and a National Climate Commission to set five-year emissions reduction targets through 2056. Additionally, H.R. 3001 contains provisions on voting access, stock trading restrictions for House members, school safety improvements, veteran benefits expansion, and establishment of Election Day as a federal holiday, alongside repeals of certain federal fuel taxes effective after December 2025.

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