Clean Competition Act

Summary

Clean Competition Act This bill creates a carbon border adjustment mechanism to lower greenhouse gas emissions in high-polluting sectors. This mechanism imposes charges on imports from carbon-intensive (e.g., fossil fuels, refined petroleum products, petrochemicals) manufacturers, encourages decarbonization efforts, and funds future research, development, and deployment efforts to achieve a net-zero carbon future. The bill requires annual calculations of carbon intensity, imposes a carbon intensity charge on imports into the United States beginning after 2023, and allows for rebates for overpayments of charges. The bill also establishes a grant program in FY2025 and subsequent fiscal years for investments in new technology to reduce carbon intensity in existing facilities and ensure best-in-class carbon intensity for proposed facilities.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 7 June 2022

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 7 June 2022

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• Introduced in Senate

  summary · EN · 7 June 2022

  Open at official source

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