Clean Competition Act

The Clean Competition Act would amend the Internal Revenue Code to impose a carbon intensity charge on imported goods based on their greenhouse gas emissions relative to domestic production, aiming to level the playing field for U.S. industries facing foreign competition with higher carbon footprints. It requires covered entities operating eligible facilities to annually report detailed emissions and production data, including electricity use and output quantities, to calculate facility- and industry-specific carbon intensity. The bill establishes mechanisms for determining carbon intensity for both domestic and imported goods, including provisions for petitions to adjust industry…

No official summary is available here. This one was written by AI from the bill’s text.