The Clean Competition Act amends the Internal Revenue Code to establish a carbon border adjustment based on carbon intensity.
The Clean Competition Act amends the Internal Revenue Code to create a carbon border adjustment based on carbon intensity. It imposes a charge on imports of covered primary goods and finished goods based on their carbon intensity. The bill defines terms such as "carbon intensity," "covered primary good," and "covered national industry." It also establishes a program for competitive auctions to award contracts for difference to eligible entities for the production of eligible goods.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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