Clean Competition Act: Carbon Charges, Industrial Support, and Global Climate Cooperation.
This act introduces carbon intensity charges on imported and domestically produced goods to incentivize cleaner manufacturing practices. It also establishes financial support programs for companies investing in emissions-reducing technologies and promotes international climate cooperation through "carbon clubs." The goal is to reduce global emissions and enhance the competitiveness of U.S. industry.
Key points
Imposes carbon charges on imported and domestic goods exceeding specific carbon intensity benchmarks, starting in 2026.
Provides grants, loans, and contracts to companies investing in advanced industrial technologies to reduce emissions, prioritizing innovation and job creation.
Establishes the option to form international "carbon clubs," offering trade benefits to countries committed to shared climate standards and labor rights protection.
Revenue from carbon charges will fund domestic industrial decarbonization and international climate and clean energy programs to support global emission reduction goals.
Introduced
Additional Information
Print number: 119_S_3523
Sponsor: Sen. Whitehouse, Sheldon [D-RI]
Process start date: 2025-12-17