The Clean Competition Act amends the Internal Revenue Code to establish a carbon intensity charge on imports and exports of covered primary goods.
The Clean Competition Act amends the Internal Revenue Code to introduce a carbon intensity charge on imports and exports of covered primary goods. This charge is based on the carbon intensity of the goods, which is determined by the Secretary of Energy. The act also establishes a program to award grants, rebates, or low-interest loans to eligible entities for investments in advanced industrial technology.
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