Clean Competition Act

The Clean Competition Act establishes a carbon intensity charge on covered primary goods produced domestically or imported into the United States, affecting companies in specific industries including petroleum refining, steel, cement, and chemical manufacturing. The charge is calculated based on a facility's carbon intensity (greenhouse gas emissions per unit of production) compared to industry averages, with the charge amount determined by how much a facility's carbon intensity exceeds a percentage of the industry average. Domestic producers and importers of covered primary goods will pay charges calculated using an annual carbon price that increases with inflation, with exemptions for goods from least developed countries that produce at least 3% of global exports of that good. The bill also includes a rebate program for exports of covered primary goods and establishes a grant program to help companies invest in technologies that reduce carbon intensity.