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Carbon Tax Replacing Gas Tax, Infrastructure Investment, and Congressional Stock Trading Ban

This bill replaces the federal gas tax with a new tax on greenhouse gas emissions to fund infrastructure projects and provide cash grants to low-income households. It also establishes Election Day as a federal holiday, bans House members from trading individual stocks, and boosts funding for cancer research and school safety.
Key points
Imposes a carbon tax starting at $35/ton in 2027 while repealing federal motor vehicle and aviation fuel taxes.
Allocates revenue to highway maintenance, flood mitigation, and financial assistance for eligible families.
Bans Members of the House of Representatives from trading or owning individual stocks.
Designates Election Day as a federal holiday known as 'Patriot Day'.
Mandates reinforced doors in schools and increases the National Cancer Institute budget.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5827
Sponsor: Rep. Suozzi, Thomas R. [D-NY-3]
Process start date: 2025-10-24
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To advance bipartisan, common sense solutions.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5827.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-10-24.

What are the main provisions?

Key points include:

  • Imposes a carbon tax starting at $35/ton in 2027 while repealing federal motor vehicle and aviation fuel taxes.
  • Allocates revenue to highway maintenance, flood mitigation, and financial assistance for eligible families.
  • Bans Members of the House of Representatives from trading or owning individual stocks.
  • Designates Election Day as a federal holiday known as 'Patriot Day'.
  • Mandates reinforced doors in schools and increases the National Cancer Institute budget.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Suozzi, Thomas R. [D-NY-3].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-19.

CATEGORIES

Taxes Environment Public Investments