Bill > S4355

This bill, the Clean Competition Act, would amend the Internal Revenue Code to create a carbon border adjustment based on the carbon intensity of imported goods and domestic production of covered primary goods. The bill sets up a mechanism to calculate the carbon intensity for eligible facilities, covered national industries, and imported goods, and imposes a charge on imports and domestic production that exceeds certain carbon intensity thresholds. The bill also establishes a grant program to fund investments in technology to reduce carbon intensity at existing facilities and ensure best-in-class carbon intensity at new facilities. Additionally, the bill directs funding to the Department of State's Economic Support Fund to support climate and clean energy programs.

Budget and Finance

https://www.congress.gov/bill/117th-congress/senate-bill/4355/all-info