SB3422: Clean Competition Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Internal Revenue Code of 1986 to create a carbon border adjustment based on carbon intensity, and for other purposes.
Plain-language summary
The Clean Competition Act would amend the tax code to create a carbon border adjustment mechanism based on how much carbon pollution is involved in producing goods. A carbon border adjustment is a tax or fee applied to imports based on their carbon intensity—essentially how much greenhouse gas was emitted to make them. This would make imported goods with high carbon emissions more expensive to compete with domestically produced goods. The bill was recently introduced in Congress and is currently in the early stage of the legislative process.
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SB3422: Clean Competition Act
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Sponsors
Sheldon Whitehouse
Primary SponsorCo-sponsors (4)
Brian Schatz
Martin Heinrich
Peter Welch
Richard Blumenthal