H.R. 6637, the "Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act," is a comprehensive omnibus bill that establishes a federal carbon tax beginning in 2027 to fund infrastructure and climate initiatives while also addressing cancer research, election policy, veterans' affairs, and school safety. The centerpiece is a carbon tax starting at $35 per metric ton of CO₂ that applies to fossil fuel combustion, industrial emissions (including steel and cement production), and manufactured goods, with revenues flowing to a new RISE Trust Fund that distributes money from 2027 through 2036 primarily to highway infrastructure (70 percent), airports, coastal flooding mitigation, energy innovation, and weatherization programs. The bill also creates a border tax adjustment on imports of carbon-intensive goods, establishes worker assistance for energy sector employees displaced by the carbon tax, requires prevailing wages on federal projects, creates a bipartisan National Climate Commission to set emissions targets, and includes provisions for flood mitigation grants, cancer drug shortage studies, school safety standards, voting access reforms, and expanded contracting opportunities for veteran-owned businesses. The legislation repeals federal fuel taxes effective 2026 and imposes a regulatory moratorium on EPA greenhouse gas rules through 2039, unless emissions targets are missed.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.