,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dcee  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #g1 #bjbb,mr4    
,:iteh\se 7= himself1 ,mr4 ,coons1 ,mr4 
,s*atz1 & ,mr4 ,he9ri*7 introduc$ !     
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,f9ance  ,a ,,bill   
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to create a c>bon bord] adju/m5t  
bas$ on c>bon int5sity1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,clean ,competition ,act4  
#b4 ,c>bon int5sity *>ge  7a7 ,9 g5]al  
,*apt] #ch ( ! ,int]nal ,rev5ue ,code ( 
#aihf is am5d$ by add+ at ! end ! foll[+
 new sub*apt]3  ,e ,c>bon int5sity *>ge 
,sec4 #dfia4 ,calculation ( c>bon       
int5sity4 ,sec4 #dfib4 ,imposition (    
c>bon int5sity *>ge4 ,sec4 #dfic4       
,rebate4 ,sec4 #dfid4 ,def9itions4      
#dfia4 ,calculation ( c>bon int5sity    
7a7 ,report+ requirem5ts ,n lat] ?an    
,june #cj1 #bjbe1 & annually !reaft]1   
any cov]$ entity %all1 = ea* eligible   
facility op]at$ by su* entity1 report to

 ! ,secret>y ) respect to ! foll[+3 7#a7
 ,any in=mation requir$ to be report$ to
 ! ,adm9i/rator "u ! ,gre5h\se ,gas     
,report+ ,program 7or :i* w\ld be       
requir$ to be report$ not)/&+ any o!r   
provision ( law prohibit+ !             
implem5tation ( or use ( funds = su*    
requirem5ts7 = ! prec$+ cal5d> ye>4     
7#b7 ,! total am\nt ( electricity us$ at
 su* facility dur+ ! prec$+ cal5d> ye>1 
includ+-- 7,a7 :e!r su* electricity 0   
provid$ ?r\gh ! electric grid or a      
d$icat$ g5]ation s\rce1  7,b7 ! t]ms (  
any p[] pur*ase agreem5ts ) respect to  
su* facility1 &  7,c7 ) respect to any  
electricity :i* 0 n provid$ ?r\gh !     
electric grid1 ! gre5h\se gas emissions 
associat$ ) ! production ( su*          
electricity1 provid$ t su* emissions are
 n report$ pursuant to p>agraph 7#a74   
7#c7 ,! total weight 7express$ 9 tons7 (
 ea* cov]$ prim>y good produc$ at su*   
facility dur+ ! prec$+ cal5d> ye>4  7b7 
,calculation  7#a7 ,c>bon int5sity  7,a7
 ,eligible facility ,= purposes ( ?is   

sub*apt]1 = ea* cal5d> ye>1 ! c>bon     
int5sity ) respect to any eligible      
facility %all be an am\nt equal to !    
quoti5t (-- 7i7 ! cov]$ emissions 7z    
det]m9$ "u p>agraph 7#b77 ) respect to  
su* facility1 divid$ by  7ii7 ! total   
weight 7express$ 9 tons7 ( cov]$ prim>y 
goods produc$ at su* facility dur+ !    
prec$+ cal5d> ye>4  7,b7 ,cov]$ national
 indu/ry ,= purposes ( ?is sub*apt]1 !  
c>bon int5sity ) respect to any cov]$   
national indu/ry %all be an am\nt equal 
to ! quoti5t (-- 7i7 an am\nt equal to !
 sum ( ! cov]$ emissions 7z det]m9$ "u  
p>agraph 7#b77 ) respect to all eligible
 facilities :i* produce cov]$ prim>y    
goods :i* are includ$ )9 su* indu/ry =  
cal5d> ye> #bjbd1 divid$ by  7ii7 !     
total weight 7express$ 9 tons7 ( cov]$  
prim>y goods produc$ at all su* eligible
 facilities dur+ su* ye>4  7,c7         
,petition = specific goods  7i7 ,9 g5]al
 ,9 ! case ( any cov]$ national indu/ry 
:i* produces m ?an #a cov]$ prim>y good1
 a cov]$ entity may file a petition ) ! 

,secret>y to det]m9e ! c>bon int5sity ) 
respect to a specific cov]$ prim>y good4
  7ii7 ,review ,) respect to any cov]$  
prim>y good :i* is includ$ 9 a petition 
describ$ 9 clause 7i71 ! ,secret>y 79   
coord9ation ) ! ,adm9i/rator & !        
,secret>y ( ,en]gy7 %all approve su*    
petition if-- 7,i7 ! *emical1 physical1 
or me*anical production processes = su* 
good are sub/antially diff]5t z comp>$  
to o!r cov]$ prim>y goods produc$ )9 !  
same cov]$ national indu/ry1 &  7,,ii7 !
 c>bon int5sity det]m9$ ) respect to su*
 good is at lea/ #be p]c5t great] ?an ! 
c>bon int5sity det]m9$ = o!r cov]$      
prim>y goods produc$ )9 ! same cov]$    
national indu/ry4  7iii7 ,recalculation 
,9 ! case ( any petition describ$ 9     
clause 7i7 :i* is approv$ by ! ,secret>y
 pursuant to clause 7ii71 ! ,secret>y 79
 coord9ation ) ! ,adm9i/rator7 %all     
r$et]m9e ! c>bon int5sity ) respect to !
 cov]$ national indu/ry :i* includes    
production ( ! cov]$ prim>y good :i* is 
! subject ( su* petition by exclud+ any 

cov]$ emissions associat$ ) ! production
 ( su* good = purposes ( ! det]m9ation  
made "u subp>agraph 7,b7 = su* indu/ry4 
7,d7 ,det]m9ation ,any det]m9ation (    
c>bon int5sity "u ?is p>agraph %all be  
made by ! ,secret>y 9 coord9ation ) !   
,adm9i/rator & ! ,secret>y ( ,en]gy4    
7#b7 ,cov]$ emissions  7,a7 ,9 g5]al ,= 
purposes ( ?is subsection1 = ea* cal5d> 
ye>1 ! am\nt ( cov]$ emissions ) respect
 to any eligible facility %all be an    
am\nt 7z det]m9$ by ! ,secret>y1 9      
coord9ation ) ! ,adm9i/rator7 equal to--
 7i7 ! am\nt equal to ! sum (-- 7,i7 !  
total gre5h\se gas emissions associat$ )
 ! production ( cov]$ prim>y goods at   
su* facility dur+ ! prec$+ cal5d> ye> 7z
 report$ pursuant to subsection 7a771   
plus  7,,ii7 ! total gre5h\se gas       
emissions associat$ ) any electricity   
us$ at su* facility = ! production ( su*
 goods dur+ ! prec$+ cal5d> ye>1 m9us   
7ii7 ! total gre5h\se gas emissions :i* 
are captur$ & dispos$ ( 9 secure        
geological /orage 79 compliance ) !     

regulations e/abli%$ "u section         
#de,q7f77#b77 dur+ ! prec$+ cal5d> ye>4 
7,b7 ,direct air capture ,= purposes (  
subp>agraph 7,a77ii71 9 ! case ( any    
gre5h\se gas emissions :i* are captur$  
directly f ! ambi5t air1 ! op]ator ( !  
facility :i* captur$ su* emissions may  
apportion su* emissions among/ any      
eligible facilities :i* are "u common   
control ( su* op]ator4  7,c7 ,emissions 
= electricity us$  7i7 ,9 g5]al ,=      
purposes ( subp>agraph 7,a77i77,,ii71 ! 
am\nt ( gre5h\se gas emissions associat$
 ) electricity provid$ ?r\gh ! electric 
grid %all be det]m9$ bas$ on ! av]age   
c>bon int5sity = ! regional grid 9 :i* !
 eligible facility is locat$ = ! prec$+ 
cal5d> ye>4  7ii7 ,exception ,9 ! case (
 an eligible facility :i* is subject to 
a p[] pur*ase agreem5t :i* gu>antees t  
any electricity provid$ "u su* agreem5t 
is g5]at$ n less ?an #ae m9utes prior to
 use by su* facility & )9 ! same        
regional transmission zone z su*        
facility-- 7,i7 clause 7i7 %all n apply1

 &  7,,ii7 ! am\nt ( gre5h\se gas       
emissions associat$ ) su* electricity   
%all be det]m9$ bas$ on ! av]age c>bon  
int5sity ( ! electricity provid$ "u su* 
agreem5t4  7#c7 ,import$ goods  7,a7 ,9 
g5]al ,9 ! case ( any cov]$ prim>y good 
:i* is import$ into ! ,unit$ ,/ates1 !  
c>bon int5sity ) respect to su* good    
%all be det]m9$ by ! ,secret>y 79       
coord9ation ) ! relevant p>ties7 bas$   
on-- 7i7 ! c>bon int5sity ( ! g5]al     
economy ( ! c\ntry ( orig9 ( su* good1  
or  7ii7 if ! ,secret>y 79 coord9ation )
 ! relevant p>ties7 det]m9es t          
transp>5t1 v]ifiable1 & reliable        
in=mation is available ) respect to any 
cov]$ national indu/ry 9 ! c\ntry (     
orig9 ( su* good & t su* c\ntry ( orig9 
is a transp>5t m>ket economy 9 :i*      
int]-firm res\rce %uffl+ is unlikely to 
occur1 ! c>bon int5sity ( ! cov]$       
national indu/ry 9 su* c\ntry :i*       
includes production ( su* good4  7,b7   
,petition  7i7 ,9 g5]al ,9 ! case ( any 
entity :i* imports a cov]$ prim>y good =

 :i* ! c>bon int5sity c be det]m9$ "u   
subp>agraph 7,a77ii71 su* entity may    
file a petition ) ! ,secret>y to det]m9e
 ! *>ge "u section #dfib1 if any1 bas$  
on ! av]age c>bon int5sity ) respect to 
! production ( su* good by ! manufactur]
 )9 ! c\ntry ( orig94  7ii7 ,aggregation
 rule ,= purposes ( ?is subp>agraph1 !  
av]age c>bon int5sity ) respect to !    
production ( a cov]$ prim>y good %all be
 det]m9$ bas$ ^u gre5h\se gas emission &
 production data f all facilities :i*   
produce su* good :i* are "u common      
control ( ! manufactur] ( su* good1     
includ+ any subsidi>y1 p>5t company1 or 
jo9t v5ture ( su* manufactur] )9 !      
c\ntry ( orig94  7iii7 ,inputs ,)       
respect to any cov]$ prim>y good :i* is 
import$ into ! ,unit$ ,/ates & = :i* o!r
 cov]$ prim>y goods 7o!r ?an petroleum1 
natural gas1 or coal7 7 us$ z inputs by 
! manufactur] 9 ! production ( ! import$
 cov]$ prim>y good1 any gre5h\se gas    
emissions associat$ ) ! production ( !  
cov]$ prim>y goods us$ z inputs %all be 

includ$ 9 ! det]m9ation ( ! gre5h\se gas
 emissions associat$ ) production ( !   
import$ cov]$ prim>y good4  7iv7 ,data  
provision ,9 ! case ( an entity :i*     
files a petition describ$ 9 clause 7i71 
su* entity %all provide ! ,secret>y ) an
 environm5tal product decl>ation conta9+
 any in=mation :i* w\ld o!rwise be      
requir$ to be report$ "u subsection 7a7 
if ! facilities :i* produc$ ! cov]$     
prim>y good to :i* ! petition applies 7 
subject to ! report+ requirem5ts "u !   
,gre5h\se ,gas ,report+ ,program4  7,c7 
,c>bon int5sity ( ! g5]al economy ,=    
purposes ( ?is p>agraph1 ) respect to   
any c\ntry1 ! c>bon int5sity ( ! g5]al  
economy ( su* c\ntry %all be an am\nt   
equal to ! quoti5t (-- 7i7 ! gross      
dome/ic product ( su* c\ntry = ! ye>    
describ$ 9 clause 7ii71 divid$ by  7ii7 
! production-bas$ gre5h\se gas emissions
 ( su* c\ntry = ! mo/ rec5t ye> = :i* ! 
,secret>y det]m9es !re is reliable      
in=mation4  7,d7 ,exclusion ,9 ! case ( 
any cov]$ prim>y good :i* is import$    

into ! ,unit$ ,/ates & 0 produc$ 9 a    
relatively lea/ develop$ c\ntry 7z      
describ$ 9 section #abd ( ! ,=eign      
,assi/ance ,act ( #aifa 7#bb ,u4,s4,c4  
#baeav771 ?is p>agraph %all n apply4    
7,e7 ,int]-firm res\rce %uffl+ ,=       
purposes ( ?is p>agraph1 ! t]m int]-firm
 res\rce %uffl+ means any buy+1 sell+1  
trad+1 ex*ang+1 or o!r transf] ( control
 ( production facilities betwe5 entities
 bas$ on ! c>bon int5sity ( su*         
facilities = ! purpose ( creat+ entities
 ) relatively l[] c>bon int5sity &      
entities ) relatively high] c>bon       
int5sity4  7c7 ,publication ,! ,secret>y
 79 coord9ation ) ! relevant p>ties7    
%all annually publi% any c>bon int5sity 
:i* has be5 det]m9$ "u subsection 7b7 ) 
respect to any eligible facility1 cov]$ 
national indu/ry1 cov]$ prim>y good1    
=eign manufactur]1 or c\ntry ( orig94   
7d7 ,relevant p>ties ,= purposes ( ?is  
section1 ! t]m relevant p>ties means--  
7#a7 ! ,adm9i/rator1  7#b7 ! ,secret>y (
 ,en]gy1  7#c7 ! ,secret>y ( ,comm]ce1  

7#d7 ! ,unit$ ,/ates ,trade             
,repres5tative1 &  7#e7 ! ,*air & ,vice 
,*air ( ! ,unit$ ,/ates ,int]national   
,trade ,commission4  #dfib4 ,imposition 
( c>bon int5sity *>ge  7a7 ,9 g5]al     
7#a7 ,importation ( goods  7,a7 ,9 g5]al
  7i7 ,cov]$ prim>y goods ,9 ! case (   
any cov]$ prim>y good import$ into !    
,unit$ ,/ates dur+ any cal5d> ye> beg9n+
 aft] ,decemb] #ca1 #bjbc1 !re is h]eby 
impos$ a *>ge 9 an am\nt equal to !     
product (-- 7,i7 7aa7 9 ! case ( a good 
= :i* ! c>bon int5sity is det]m9$ "u    
section #dfia7;b77#c77;,a77i71 ! am\nt  
7if any7 by :i* ! am\nt det]m9$ "u      
clause 7iii7 ) respect to su* good      
exce$s an am\nt equal to ! applicable   
p]c5tage ( ! c>bon int5sity 7z det]m9$  
"u section #dfia7;b77#a77;,b77 = ! cov]$
 national indu/ry :i* includes su* good1
 or  7bb7 9 ! case ( a good = :i* !     
c>bon int5sity is det]m9$ "u subp>agraph
 7,a77ii7 or 7,b7 ( section             
#dfia7;b77#c71 ! am\nt 7if any7 by :i* !
 c>bon int5sity det]m9$ "u su*          

subp>agraph ) respect to su* good exce$s
 an am\nt equal to ! applicable p]c5tage
 ( ! c>bon int5sity 7z det]m9$ "u       
section #dfia7;b77#a77;,b77 = ! cov]$   
national indu/ry :i* includes su* good1 
multipli$ by  7,,ii7 ! total weight     
7express$ 9 tons7 ( ! good import$ into 
! ,unit$ ,/ates1 multipli$ by  7,,iii7 !
 c>bon price4  7ii7 ,f9i%$ goods  7,i7  
,9 g5]al ,9 ! case ( any import$ f9i%$  
good :i* is import$ into ! ,unit$ ,/ates
 dur+ any cal5d> ye> beg9n+ aft]        
,decemb] #ca1 #bjbe1 !re is h]eby impos$
 a *>ge 9 an am\nt equal to ! sum ( !   
am\nts det]m9$ "u subclause 7,,ii7 )    
respect to ea* cov]$ prim>y good :i* is 
a compon5t "p ( su* import$ f9i%$ good4 
7,,ii7 ,compon5ts ,! am\nt det]m9$ "u   
?is subclause ) respect to any cov]$    
prim>y good :i* is a compon5t "p ( an   
import$ f9i%$ good is an am\nt equal to 
! product (-- 7aa7 ! am\nt 7if any7     
det]m9$ "u clause 7i77,i7 if su* clause 
7 appli$ ) respect to su* good1         
multipli$ by  7bb7 ! total weight       

7express$ 9 tons7 ( ! cov]$ prim>y good1
 multipli$ by  7cc7 ! c>bon price4      
7iii7 ,calculation = c]ta9 =eign goods  
,= purposes ( clause 7i77,i77aa71 !     
am\nt det]m9$ "u ?is clause ) respect to
 any cov]$ prim>y good %all be equal to 
! product (-- 7,i7 an am\nt equal to !  
quoti5t (-- 7aa7 ! c>bon int5sity ( !   
g5]al economy 7z det]m9$ "u section     
#dfia7;b77#c77;,c77 ( ! c\ntry ( orig9 (
 su* good1 divid$ by  7bb7 ! c>bon      
int5sity ( ! g5]al economy 7z s det]m9$7
 ( ! ,unit$ ,/ates1 multipli$ by  7,,ii7
 an am\nt equal to ! applicable p]c5tage
 ( ! c>bon int5sity 7z det]m9$ "u       
section #dfia7;b77#a77;,b77 = ! cov]$   
national indu/ry :i* includes su* good4 
7,b7 ,*>ge due ,! *>ge impos$ "u ?is    
p>agraph ) respect to any goods import$ 
dur+ any cal5d> ye> %all be paid by !   
entity :i* import$ su* goods n lat] ?an 
,septemb] #cj ( ! cal5d> ye> subsequ5t  
to su* ye>4  7,c7 ,exclusion ,9 ! case (
 any cov]$ prim>y good 7includ+ any     
cov]$ prim>y good :i* is a compon5t "p (

 an import$ f9i%$ good7 :i* is import$  
into ! ,unit$ ,/ates & 0 produc$ 9 a    
relatively lea/ develop$ c\ntry 7z      
describ$ 9 section #abd ( ! ,=eign      
,assi/ance ,act ( #aifa 7#bb ,u4,s4,c4  
#baeav771 ?is p>agraph %all n apply4    
7#b7 ,dome/ic production ( cov]$ prim>y 
goods  7,a7 ,9 g5]al ,9 ! case ( any    
eligible facility1 = ea* cal5d> ye>     
beg9n+ aft] ,decemb] #ca1 #bjbc1 !re is 
h]eby impos$ a *>ge 9 an am\nt equal to 
! product (-- 7i7 ! am\nt 7if any7 by   
:i* ! c>bon int5sity ( su* facility 7z  
det]m9$ "u subp>agraph 7,a7 ( section   
#dfia7;b77#a77 exce$s-- 7,i7 an am\nt   
equal to ! applicable p]c5tage ( ! c>bon
 int5sity = ! cov]$ national indu/ry 7z 
det]m9$ "u subp>agraph 7,b7 ( section   
#dfia7;b77#a77 :i* includes any cov]$   
prim>y good produc$ by su* facility1 or 
7,,ii7 9 ! case ( a cov]$ prim>y good   
produc$ by su* facility :i* is subject  
to an approv$ petition "u subp>agraph   
7,c7 ( su* section1 an am\nt equal to ! 
applicable p]c5tage ( ! c>bon int5sity  

det]m9$ ) respect to su* good1 multipli$
 by  7ii7 ! total weight 7express$ 9    
tons7 ( any cov]$ prim>y goods produc$  
by su* facility dur+ su* cal5d> ye>1    
multipli$ by  7iii7 ! c>bon price4  7,b7
 ,*>ge due ,! *>ge impos$ "u ?is        
p>agraph ) respect to any cal5d> ye>    
%all be paid by ! cov]$ entity n lat]   
?an ,septemb] #cj ( ! cal5d> ye>        
subsequ5t to su* ye>4  7b7 ,applicable  
p]c5tage ,= purposes ( p>agraphs        
7#a77;,a7 & 7#b77;,a7 ( subsection 7a71 
! applicable p]c5tage %all be-- 7#a7 =  
cal5d> ye> #bjbd1 #ajj p]c5t1  7#b7 =   
cal5d> ye>s #bjbe ?r\gh #bjbh1 !        
applicable p]c5tage = ! prec$+ cal5d>   
ye>1 r$uc$ by #b4e p]c5tage po9ts1 &    
7#c7 = any cal5d> ye> subsequ5t to      
cal5d> ye> #bjbh1 ! applicable p]c5tage 
= ! prec$+ cal5d> ye>1 r$uc$ by #e      
p]c5tage po9ts 7b n less ?an z]o74  7c7 
,c>bon price  7#a7 ,9 g5]al ,= purposes 
( p>agraphs 7#a77;,a7 & 7#b77;,a7 (     
subsection 7a71 ! c>bon price %all be-- 
7,a7 = #bjbd1 #ee1 &  7,b7 = ea* cal5d> 

ye> subsequ5t to ! cal5d> ye> describ$ 9
 subp>agraph 7,a71 an am\nt equal to !  
sum (-- 7i7 ! c>bon price = ! prec$+    
ye>1 plus  7ii7 an am\nt equal to-- 7,i7
 ! am\nt describ$ 9 clause 7i71         
multipli$ by  7,,ii7 ! p]c5tage by :i* !
 ,,cpi = ! prec$+ cal5d> ye> exce$s !   
,,cpi = ! second prec$+ cal5d> ye>1     
increas$ by #e p]c5tage po9ts4  7#b7    
,,cpi ,rules simil> to ! rules (        
p>agraphs 7#d7 & 7#e7 ( section #a7;f7  
%all apply = purposes ( ?is subsection4 
7#c7 ,r\nd+ ,any applicable am\nt       
det]m9$ "u subsection 7a7 :i* is n a    
multiple ( #a %all be r\nd$ to ! ne>e/  
doll>4  #dfic4 ,rebate  7a7 ,exports    
7#a7 ,9 g5]al ,9 ! case ( a p]son :o    
exports any cov]$ prim>y good f ! ,unit$
 ,/ates :i* 0 produc$ 9 an eligible     
facility = :i* a *>ge has be5 impos$ "u 
section #dfib1 a refund %all be all[$ to
 su* p]son 9 ! same mann] z if x 7 an   
ov]paym5t ( ! *>ge impos$ by su* section
 9 an am\nt equal to ! am\nt det]m9$ "u 
p>agraph 7#b74  7#b7 ,recalculation ,9 !

 case ( a cov]$ prim>y good describ$ 9  
p>agraph 7#a71 ! am\nt det]m9$ "u ?is   
p>agraph is an am\nt equal to ! *>ge t  
w\ld be impos$ "u section #dfib )       
respect to su* good if subsection       
7a77#a77;,a7 ( su* section 7 appli$ by  
sub/itut+ ! c>bon int5sity ( all        
eligible facilities 7z det]m9$ "u       
subp>agraph 7,a7 ( section              
#dfia7;b77#a77 op]at$ by ! cov]$ entity 
:i* produc$ ! cov]$ prim>y good describ$
 9 section #dfic7;a77#a7 = ! c>bon      
int5sity ( su* facility 7z det]m9$ "u   
subp>agraph 7,a7 ( section              
#dfia7;b77#a774  #dfid4 ,def9itions ,=  
purposes ( ?is sub*apt]-- 7#a7          
,adm9i/rator ,! t]m ,adm9i/rator means !
 ,adm9i/rator ( ! ,environm5tal         
,protection ,ag5cy4  7#b7 ,c#jb-;e  7,a7
 ,9 g5]al ,subject to subp>agraph 7,b71 
! t]m ,,co#b-;e means1 ) respect to a   
gre5h\se gas1 ! quantity ( su* gas t has
 a global w>m+ pot5tial equival5t to #a 
metric ton ( c>bon dioxide1 z det]m9$   
pursuant to table ,a-#a ( subp>t ,a ( "p

 #ih ( title #dj1 ,code ( ,f$]al        
,regulations1 z 9 effect on ! date ( !  
enactm5t ( ?is sub*apt]4  7,b7 ,me?ane  
,9 ! case ( me?ane1 ! t]m ,,co#b-;e     
means ! quantity ( me?ane t has ! same  
global w>m+ pot5tial ov] a #bj-ye> p]iod
 z #a metric ton ( c>bon dioxide1 z     
det]m9$ by ! ,adm9i/rator4  7#c7 ,cov]$ 
entity ,! t]m cov]$ entity means any    
entity :i*-- 7,a7 produces any cov]$    
prim>y good1 &  7,b7 is requir$ to      
report emissions ( gre5h\se gases "u !  
,gre5h\se ,gas ,report+ ,program 7or    
w\ld be requir$ to report su* emissions 
not)/&+ any o!r provision ( law         
prohibit+ ! implem5tation ( or use (    
funds = su* requirem5ts74  7#d7 ,cov]$  
national indu/ry  7,a7 ,9 g5]al ,! t]m  
cov]$ national indu/ry means any indu/ry
 :i* is assign$ a #f-;digit ,,naics code
 :i* is includ$ 9 any ( ! foll[+        
clauses3 7i7 #baaabj 7petroleum         
extraction74  7ii7 #baaacj 7natural gas 
extraction74  7iii7 #babaab 7und]gr\nd  
coal m9+74  7iv7 #cbbaaj 7pulp mills74  

7v7 #cbbaba 7pap] mills74  7vi7 #cbbabb 
7newspr9t mills74  7vii7 #cbbacj        
7pap]bo>d mills74  7viii7 #cbdaaj       
7petroleum ref9]ies74  7ix7 #cbdaba     
7asphalt pav+ mixture & block           
manufactur+74  7x7 #cbdabb 7asphalt %+le
 & coat+ mat]ials manufactur+74  7xi7   
#cbdaii 7all o!r petroleum & coal       
products manufactur+74  7xii7 #cbeaaj   
7petro*emical manufactur+74  7xiii7     
#cbeabj 7indu/rial gas manufactur+74    
7xiv7 #cbeaic 7e?yl alcohol             
manufactur+74  7xv7 #cbeaii 7o!r basic  
organic *emical manufactur+74  7xvi7    
#cbecaa 7nitrog5\s f]tiliz]             
manufactur+74  7xvii7 #cbgbaa1 #cbgbab1 
#cbgbac1 or #cbgbae 7glass74  7xviii7   
#cbgcaj 7cem5t74  7xix7 #cbgdaj or      
#cbgdbj 7lime & gypsum product          
manufactur+74  7xx7 #ccaaaj 7iron &     
/eel74  7xxi7 #ccacac 7alum9um74  7,b7  
,exceptions  7i7 ,indu/rial gas         
manufactur+ ,subp>agraph 7,a77xiii7 %all
 apply only ) respect to ! production ( 
hydrog54  7ii7 ,o!r basic organic       

*emical manufactur+ ,subp>agraph        
7,a77xv7 %all apply only ) respect to ! 
production ( adipic acid4  7#e7 ,cov]$  
prim>y good ,! t]m cov]$ prim>y good    
means any good :i* is produc$ z "p ( a  
trade or bus9ess op]at+ )9 a cov]$      
national indu/ry4  7#f7 ,eligible       
facility ,! t]m eligible facility means 
any facility 7z su* t]m is def9$ =      
purposes ( ! ,gre5h\se ,gas ,report+    
,program7 :i* is-- 7,a7 op]at$ by a     
cov]$ entity = ! production ( any cov]$ 
prim>y good1 &  7,b7 locat$ )9 ! ,unit$ 
,/ates4  7#g7 ,gre5h\se gas ,! t]m      
gre5h\se gas has ! mean+ giv5 su* t]m "u
 section #baa7o77#a77;,g7 ( ! ,clean    
,air ,act1 z 9 effect on ! date ( !     
enactm5t ( ?is sub*apt]4  7#h7 ,gre5h\se
 gas emissions ,! t]m gre5h\se gas      
emissions means ! am\nt ( gre5h\se      
gases1 express$ 9 metric tons (         
,,co#b-;e1 :i* 7 emitt$ to ! atmosph]e4 
7#i7 ,gre5h\se ,gas ,report+ ,program ,!
 t]m ,gre5h\se ,gas ,report+ ,program   
means ! ,gre5h\se ,gas ,report+ ,program

 e/abli%$ "u "p #ih ( title #dj1 ,code (
 ,f$]al ,regulations4  7#aj7 ,import$   
f9i%$ good  7,a7 ,9 g5]al ,! t]m import$
 f9i%$ good means any good :i*-- 7i7 is 
import$ into ! ,unit$ ,/ates1 &  7ii7   
7,i7 = cal5d> ye> #bjbf & #bjbg1 conta9s
 great] ?an #ejj p\nds ( any comb9ation 
( any cov]$ prim>y goods1 &  7,,ii7 =   
any cal5d> ye> aft] cal5d> ye> #bjbg1   
conta9s great] ?an #ajj p\nds ( any     
comb9ation ( any cov]$ prim>y goods4    
7#aa7 ,,naics ,! t]m ,,naics means !    
,nor? ,am]ican ,indu/rial               
,classification ,sy/em4  4  7b7 ,cl]ical
 am5dm5t ,! table ( sub*apt]s = *apt]   
#ch ( ! ,int]nal ,rev5ue ,code ( #aihf  
is am5d$ by add+ at ! end !re( ! foll[+ 
new item3  ,sub*apt] ,e--,c>bon int5sity
 *>ge  4  7c7 ,grant program  7#a7 ,9   
g5]al ,= fiscal ye> #bjbe & ea*         
subsequ5t fiscal ye>1 !re are           
appropriat$1 out ( any funds 9 !        
,treasury n o!rwise appropriat$1 to !   
,dep>tm5t ( ! ,treasury am\nts equal to 
applicable am\nt = ! prec$+ fiscal ye>1 

) su* am\nts to be us$ by ! ,secret>y1 9
 conjunction ) ! ,secret>y ( ,en]gy & ! 
,adm9i/rator ( ! ,environm5tal          
,protection ,ag5cy1 to e/abli% a        
competitive grant program to aw>d grants
 to eligible entities = inve/m5ts 9 new 
te*nology-- 7,a7 9 ! case ( an exi/+    
eligible facility1 to r$uce _! c>bon    
int5sity1 &  7,b7 9 ! case ( a propos$  
eligible facility1 to ensure be/-9-class
 c>bon int5sity4  7#b7 ,model$ on       
,diesel ,emissions ,r$uction ,act ,=    
purposes ( ! program describ$ 9 p>agraph
 7#a71 su* program %all be adm9i/]$ 9 a 
mann] simil> to ! national grant program
 ( ! ,environm5tal ,protection ,ag5cy "u
 subtitle ,g ( title ,,vii ( ! ,en]gy   
,policy ,act ( #bjje 7#db ,u4,s4,c4     
#afaca et seq474  7#c7 ,aw>d+ ( grant   
am\nts ,= purposes ( aw>d+ grants "u !  
program describ$ 9 p>agraph 7#a71 !     
,secret>y 79 conjunction ) !            
,adm9i/rator & ! ,secret>y ( ,en]gy7    
%all-- 7,a7 give pref]5ce to propos$    
inve/m5ts-- 7i7 t w\ld result 9 !       

greate/ decrease 9 c>bon int5sity1  7ii7
 = facilities locat$ 9 economically     
di/ress$ communities t h exp]i5c$ a loss
 ( manufactur+ jobs1  7iii7 t w\ld      
maximize improvem5t 9 local air quality1
 or  7iv7 = facilities locat$ 9         
communities ) high cumulative pollution 
burd5s 7z det]m9$ by ! ,adm9i/rator71 & 
7,b7 allocate grant funds to eligible   
facilities & propos$ eligible facilities
 :i* produce cov]$ prim>y goods t are   
includ$ )9 a cov]$ national indu/ry 9   
approximate proportion to ! %>e ( total 
gre5h\se gas emissions = :i* su* indu/ry
 is responsible = emitt+4  7#d7         
,recapture ,9 ! case ( any eligible     
entity :i* has be5 aw>d$ a grant "u !   
program describ$ 9 p>agraph 7#a7 )      
respect to any eligible facility or     
propos$ eligible facility1 if su* entity
 fails to-- 7,a7 )9 #c ye>s ( ! aw>d+ ( 
su* grant1 complete ! propos$ inve/m5ts 
9 new te*nology at su* facility1 or     
7,b7 dur+ ! #aj-ye> p]iod aft] su*      
inve/m5ts are plac$ 9 s]vice-- 7i7 9 !  

case ( an exi/+ eligible facility1      
a*ieve & ma9ta9 ! r$uction 9 c>bon      
int5sity propos$ 9 ! application = su*  
grant1 or  7ii7 9 ! case ( a propos$    
eligible facility1 a*ieve & ma9ta9 !    
be/-9-class c>bon int5sity propos$ 9 !  
application = su* grant1  ! ,secret>y   
%all recapture1 pursuant to su*         
regulations or o!r guidance issu$ by !  
,secret>y1 ! am\nt ( ! grant aw>d$ )    
respect to su* facility4  7#e7          
,applicable am\nt ,= purposes ( ?is     
subsection1 ! t]m applicable am\nt      
means1 ) respect to any fiscal ye>1 an  
am\nt equal to #ge p]c5t ( ! increase 9 
rev5ues to ! ,treasury dur+ su* fiscal  
ye> by reason ( ! application ( sub*apt]
 ,e ( *apt] #ch ( ! ,int]nal ,rev5ue    
,code ( #aihf 7z add$ by subsection     
7a774  7#f7 ,def9itions ,= purposes (   
?is subsection-- 7,a7 ,9 g5]al ,! t]ms  
cov]$ national indu/ry1 eligible        
facility1 & cov]$ prim>y good %all h !  
same mean+ giv5 su* t]ms "u section     
#dfid ( ! ,int]nal ,rev5ue ,code ( #aihf

 7z add$ by subsection 7a774  7,b7      
,be/-9-class c>bon int5sity ,! t]m      
be/-9-class c>bon int5sity means1 )     
respect to any propos$ eligible         
facility1 t ! c>bon int5sity ( su*      
facility w\ld be n great] ?an ! c>bon   
int5sity ( ! exi/+ facility ) ! l[e/    
c>bon int5sity )9 ! relevant cov]$      
national indu/ry 7z det]m9$ ( ! date ( !
 application = a grant "u ! program     
describ$ 9 p>agraph 7#a774  7,c7        
,eligible entity ,! t]m eligible entity 
means any p]son :i* op]ates an eligible 
facility or w op]ate a propos$ eligible 
facility4  7,d7 ,secret>y ,! t]m        
,secret>y means ! ,secret>y ( !         
,treasury 7or ! ,secret>y's delegate74  
7d7 ,economic ,support ,fund ( ,dep>tm5t
 ( ,/ate  7#a7 ,9 g5]al ,= fiscal ye>   
#bjbe & ea* subsequ5t fiscal ye>1 9     
addition to am\nts o!rwise available1   
!re are appropriat$1 out ( any funds 9 !
 ,treasury n o!rwise appropriat$1 to !  
,dep>tm5t ( ,/ate an am\nt equal to     
applicable am\nt = ! prec$+ fiscal ye>1 

) su* am\nt to be made available =      
multilat]al assi/ance to support climate
 & clean en]gy programs4  7#b7          
,applicable am\nt ,= purposes ( ?is     
subsection1 ! t]m applicable am\nt      
means1 ) respect to any fiscal ye>1 an  
am\nt equal to #be p]c5t ( ! increase 9 
rev5ues to ! ,treasury dur+ su* fiscal  
ye> by reason ( ! application ( sub*apt]
 ,e ( *apt] #ch ( ! ,int]nal ,rev5ue    
,code ( #aihf 7z add$ by subsection     
7a774