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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 carbon emissions tax to fund infrastructure projects and provide grants to low-income households. It also establishes Election Day as a federal holiday, bans House members from trading individual stocks, and significantly boosts cancer research funding.
Key points
Repeals federal fuel taxes and implements a carbon tax starting at $35 per ton to fund infrastructure and environmental projects.
Establishes Election Day as a federal holiday and bans Members of the House from owning or trading individual financial instruments.
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Status: Introduced
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Additional Information
Print number: 119_HR_6637
Sponsor: Rep. Fitzpatrick, Brian K. [R-PA-1]
Process start date: 2025-12-11
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To advance bipartisan priorities.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6637.

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 2025-12-11.

What are the main provisions?

Key points include:

  • Repeals federal fuel taxes and implements a carbon tax starting at $35 per ton to fund infrastructure and environmental projects.
  • Establishes Election Day as a federal holiday and bans Members of the House from owning or trading individual financial instruments.
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. Fitzpatrick, Brian K. [R-PA-1].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Oversight and Investigations.

Is this summary verified?

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

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Environment Public Investments Economy