Clean Competition Act

The Clean Competition Act establishes a carbon intensity charge on covered primary goods produced domestically or imported into the United States. It requires covered entities in specific industries (including petroleum, chemicals, cement, and coal) to report annual emissions data, calculates carbon intensity as emissions divided by goods produced, and imposes a charge when a facility's carbon intensity exceeds industry benchmarks. The charge equals the difference between a facility's carbon intensity and the industry benchmark, multiplied by the carbon price ($55 in 2025, increasing annually) and the weight of goods produced. The bill also includes rebates for exported goods and creates a grant program to fund carbon-reducing technology investments in eligible facilities. The carbon price increases annually based on inflation, with specific industry benchmarks determined by the Secretary.