ally thereafter, the Secretary shall issue a report, to 
be made available to the public and the appropriate 
Committees of Congress, on associated emissions, in-
cluding— 
‘‘(A) identification of all major source cat-
egories of associated emissions, and 
‘‘(B) the total amount, expressed in tons of 
carbon dioxide equivalent, of— 
‘‘(i) methane and other greenhouse 
gases emitted across the coal supply chain 
within the United States during the pre-
ceding calendar year, 
‘‘(ii) methane and other greenhouse 
gases emitted across the petroleum prod-
ucts supply chain within the United States 
during the preceding calendar year, and 
‘‘(iii) methane and other greenhouse 
gases emitted across the natural gas sup-
ply chain within the United States during 
the preceding calendar year. 
‘‘(b) SUPPLEMENTARY FEE FOR ASSOCIATED EMIS-
SIONS.— 
‘‘(1) COAL.—In the case of any calendar year 
beginning after 2020, the fee imposed under section 
4691(a)(1) with respect to coal shall be increased by 
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the amount determined by the Secretary (in con-
sultation with the Administrator of the Environ-
mental Protection Agency) necessary to ensure that 
the total fees collected under such section with re-
spect to coal are equal to the total amount of such 
fees that would be collected on coal if the fee im-
posed under section 4691(a)(1) also applied to the 
carbon-dioxide equivalent of greenhouse gas emis-
sions reported under subsection (a)(2)(B)(i). 
‘‘(2) PETROLEUM PRODUCTS.—In the case of 
any calendar year beginning after 2020, the fee im-
posed under section 4691(a)(1) with respect to pe-
troleum products shall be increased by the amount 
determined by the Secretary (in consultation with 
the Administrator of the Environmental Protection 
Agency) necessary to ensure that the total fees col-
lected under such section with respect to petroleum 
products are equal to the total amount of such fees 
that would be collected on petroleum products if the 
fee imposed under section 4691(a)(1) also applied to 
the carbon-dioxide equivalent of greenhouse gas 
emissions reported under subsection (a)(2)(B)(ii). 
‘‘(3) NATURAL GAS.—In the case of any cal-
endar year beginning after 2020, the fee imposed 
under section 4691(a)(1) with respect to natural gas 
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shall be increased by the amount determined by the 
Secretary (in consultation with the Administrator of 
the Environmental Protection Agency) necessary to 
ensure that the total fees collected under such sec-
tion with respect to natural gas are equal to the 
total amount of such fees that would be collected on 
natural gas if the fee imposed under section 
4691(a)(1) also applied to the carbon-dioxide equiva-
lent of greenhouse gas emissions reported under sub-
section (a)(2)(B)(iii). 
‘‘SEC. 4695. BORDER ADJUSTMENTS FOR ENERGY-INTEN-
SIVE MANUFACTURED GOODS. 
‘‘(a) PURPOSE.—The purpose of this section is to en-
sure the environmental effectiveness of this subchapter. 
‘‘(b) EXPORTS.— 
‘‘(1) IN GENERAL.—In the case of any energy- 
intensive manufactured good which is exported from 
the United States, the Secretary shall pay to the 
person exporting such good a refund equal to the 
amount of the cost of such good attributable to any 
fees imposed under this subchapter on inputs used 
in the manufacturing of such energy-intensive manu-
factured good (as determined under regulations es-
tablished by the Secretary). 
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‘‘(2) REDUCTION IN REFUND.—The amount of 
the refund under paragraph (1) shall be reduced by 
the amount, if any, of fees imposed on such goods 
or comparable domestically produced energy-inten-
sive manufactured goods by the foreign nation or 
governmental unit to which such good is exported. 
‘‘(c) IMPORTS.— 
‘‘(1) IMPOSITION
OF
EQUIVALENCY
FEE.—In 
the case of any energy-intensive manufactured good 
imported into the United States, there is imposed an 
equivalency fee on the person importing such good 
in an amount equal to the cost of such good which 
would be attributable to any fees imposed under this 
subchapter on inputs used in the manufacturing of 
such good if the inputs used in manufacturing such 
good were subject to such fees (as determined under 
regulations established by the Secretary). 
‘‘(2) REDUCTION IN FEE.—The amount of the 
equivalency fee under paragraph (1) shall be reduced 
by the amount, if any, of any fees imposed on such 
energy-intensive manufactured goods by the foreign 
nation or governmental units from which such good 
was imported. 
‘‘(d) TREATMENT
OF ALTERNATIVE POLICIES
AS 
FEES.—Under regulations established by the Secretary, 
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foreign policies that have substantially the same effect in 
reducing emissions of greenhouse gases as fees shall be 
treated as fees for purposes of subsections (b)(2) and 
(c)(2). 
‘‘(e) REGULATORY AUTHORITY.— 
‘‘(1) IN GENERAL.—The Secretary shall consult 
with the Administrator of the Environmental Protec-
tion Agency and the Secretary of Energy in estab-
lishing rules and regulations implementing the pur-
poses of this section. 
‘‘(2) TREATIES.—The Secretary, in consulta-
tion with the Secretary of State, may adjust the ap-
plicable amounts of the refunds and equivalency fees 
under this section in a manner that is consistent 
with any obligations of the United States under an 
international agreement. 
‘‘SEC. 4696. DEFINITIONS AND OTHER RULES. 
‘‘(a) DEFINITIONS.—For purposes of this sub-
chapter: 
‘‘(1) 
CARBON
DIOXIDE
EQUIVALENT.—The 
term ‘carbon dioxide equivalent’ means, with respect 
to a greenhouse gas, the quantity of such gas that 
has a global warming potential equivalent to 1 met-
ric ton of carbon dioxide, as determined pursuant to 
table A–1 of subpart A of part 98 of title 40, Code 
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of Federal Regulations, as in effect on the date of 
the enactment of the American Opportunity Carbon 
Fee Act of 2017. 
‘‘(2) GREENHOUSE GAS.—The term ‘greenhouse 
gas’ has the meaning given such term under section 
211(o)(1)(G) of the Clean Air Act, as in effect on 
the date of the enactment of the American Oppor-
tunity Carbon Fee Act of 2017. 
‘‘(3) COAL.—The term ‘coal’ has the same 
meaning given such term under section 48A(c)(4). 
‘‘(4) PETROLEUM PRODUCT.—The term ‘petro-
leum product’ has the same meaning given such 
product under section 4612(a)(3). 
‘‘(5) ASSOCIATED EMISSIONS.—The term ‘asso-
ciated emissions’ means greenhouse gas emissions 
attributable to venting, flaring, and leakage across 
the supply chain. 
‘‘(6) SUPPLY CHAIN.—The term ‘supply chain’ 
means extraction and processing of coal and natural 
gas, extraction and refining of petroleum products, 
and the transmission, transport, storage, distribu-
tion, import, export, and other activities related to 
supplying coal, petroleum products, and natural gas 
to a consumer, not otherwise covered elsewhere in 
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