ucts and that the country of origin is a trans-
parent market economy— 
(i) the emissions intensity of the iron 
and steel industry in such country; or 
(ii) if sufficiently disaggregated infor-
mation is available, the emissions intensity 
of the manufacture of specific covered 
product in such country. 
(2) AGGREGATION RULE.—For purposes of this 
subsection, the average emissions intensity with re-
spect to the production of a covered iron or steel 
product shall be determined based upon greenhouse 
gas emission and production data from all facilities 
which produce such good which are under common 
control of the manufacturer of such good, including 
any subsidiary, parent company, or joint venture of 
such manufacturer within the country of origin. 
(3) INPUTS.—With respect to any covered iron 
or steel product which is imported into the United 
States and for which other covered iron or steel 
products were used as inputs by the manufacturer in 
the production of the imported product, any green-
house gas emissions associated with the production 
of the other inputs shall be included in the deter-
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mination of the greenhouse gas emissions associated 
with production of the imported product. 
(4) EMISSIONS
INTENSITY
OF
THE
GENERAL 
ECONOMY.—For purposes of this subsection, with re-
spect to any country, the emissions intensity of the 
general economy of such country shall be an amount 
equal to the quotient of— 
(A) the greenhouse gas emissions of such 
country for the most recent year for which the 
President determines there is reliable informa-
tion, divided by 
(B) the gross domestic product of such 
country for such most recent year. 
(5) RECOMMENDED EMISSIONS INTENSITY TAR-
IFF.—The Commission shall also include in each re-
port published pursuant to paragraph (1) rec-
ommendations with respect to each applicable for-
eign market of the tariff rate to impose with respect 
to the importation of covered products from such 
market in order to compensate for any greater emis-
sions intensity of production in such market. 
(c) PETITION.—In the case of any entity which im-
ports a covered iron or steel product for which the Com-
mission determines the emissions intensity under sub-
section (b)(1)(A) or subsection (b)(1)(B)(i), such entity 
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may submit to the President a petition to determine any 
tariff pursuant to section 202 based on the average emis-
sions intensity with respect to the production of the spe-
cific covered product by the manufacturer, including such 
information as the President may determine necessary to 
calculate such average emissions intensity. 
SEC. 202. IMPOSITION OF EMISSIONS INTENSITY TARIFF. 
(a) IN GENERAL.— 
(1) COVERED PRODUCTS.—In the case of any 
covered iron or steel product imported into the 
United States or withdrawn from warehouse for con-
sumption on or after the date that is 90 days after 
the publication of the first report required by section 
201(a), the President shall impose an additional tar-
iff— 
(A) pursuant to the recommendation with 
respect to the applicable foreign market in the 
most recent report published pursuant to sec-
tion 201(b)); or 
(B) in such other amount as the President 
may determine appropriate to carry out the 
purposes of this title. 
(2) FINISHED GOODS.—In the case of any fin-
ished good which is imported into the United States 
on or after January 1, 2027, the President shall im-
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pose an additional tariff in an amount equal to the 
sum of the rates determined in accordance with 
paragraph (1) with respect to each covered iron or 
steel product that is a component part of such fin-
ished good. 
(3) COVERED
PRODUCTS
FROM
NONMARKET 
ECONOMIES.—For any covered iron or steel product 
imported from a country the Commission deter-
mines, pursuant to section 201(b)(1)(B), is not a 
transparent market economy, the tariff imposed 
shall be double the amount calculated pursuant to 
paragraph (1) or paragraph (2). 
(b) CARBON CLUBS WAIVER.—The President may 
waive the tariff otherwise imposed under this section with 
respect to covered iron and steel products imported from 
a country if the President determines that the country— 
(1) has implemented policies which impose ex-
plicit costs on the emission of greenhouse gases 
which are materially similar to the charges imposed 
pursuant to the provisions of this section; 
(2) imposes such costs on similar product cat-
egories and based on the emissions intensity of pro-
duction in the country of origin; 
(3) achieves an emissions intensity for the do-
mestic manufacture of covered product categories 
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that does not exceed 150 percent of the emissions 
intensity of manufacture in the United States; and 
(4) waives any tariffs that would be imposed 
pursuant to such emissions policy on products from 
the United States. 
(c) MELTED AND POURED STANDARD.—If a covered 
iron or steel product imported into the United States is 
melted or poured in a third country, the tariff imposed 
under this section shall be determined based on the emis-
sions intensity of the third country rather than the coun-
try from which the product is imported, unless the Presi-
dent has approved a petition submitted pursuant to sec-
tion 201(c) with respect to the importation of such prod-
uct. 
SEC. 203. DEFINITIONS. 
In this title: 
(1) ADMINISTRATOR.—The term ‘‘Adminis-
trator’’ means the Administrator of the Environ-
mental Protection Agency. 
(2) CO2-e.— 
(A) IN
GENERAL.—Subject to subpara-
graph (B), the term ‘‘CO2-e’’ means, with re-
spect to a greenhouse gas, the quantity of such 
gas that has a global warming potential equiva-
lent to 1 metric ton of carbon dioxide, as deter-
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mined pursuant to table A–1 of subpart A of 
part 98 of title 40, Code of Federal Regula-
tions, as in effect on the date of the enactment 
of this subchapter. 
(B) METHANE.—In the case of methane, 
the term ‘‘CO2-e’’ means the quantity of meth-
ane that has the same global warming potential 
over a 20-year period as 1 metric ton of carbon 
dioxide, as determined by the Administrator. 
(3) COVERED IRON PRODUCT; COVERED STEEL 
PRODUCT.— 
(A) IN
GENERAL.—The terms ‘‘covered 
iron product’’ and ‘‘covered steel product’’ are 
defined as follows: 
(i) Articles classifiable under the fol-
lowing headings of the Harmonized Tariff 
Schedule of the United States: 
(I) 7206.10 through 7216.50. 
(II) 7216.99 through 7301.10. 
(III) 7302.10. 
(IV) 7302.40 through 7302.90. 
(V) 7304.10 through 7306.90. 
(ii) Subject to subparagraph (B), any 
other iron or steel article the President de-
termines is imported from a country with 
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a greater emissions intensity than the 
United States, if the President directs and 
the Commission subsequently includes— 
(I) an analysis of the domestic 
production of such product in the 
most recent study published in accord-
ance with section 201(a); and 
(II) an analysis of the foreign 
production of such product in the 
most recent study published in accord-
ance with section 201(b). 
(B) EXCLUSIONS.—A product otherwise 
meeting the definition under subparagraph (A) 
shall not be treated as a covered iron product 
or a covered steel product, as applicable, under 
this title if— 
(i) a like or similar article is not pro-
duced in the United States; 
(ii) the product is produced in (includ-
ing as a component of a finished good) and 
imported from a relatively least developed 
country (as described in section 124 of the 
Foreign Assistance Act of 1961 (22 U.S.C. 
2151v)) that does not produce at least 3 
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percent of total global exports, by value, of 
the product; or 
(iii) the product is imported from a 
country during any period in which a waiv-
er is in effect with respect to such country 
pursuant to section 202(b). 
(4) FINISHED GOOD.— 
(A) IN
GENERAL.—The term ‘‘finished 
good’’ means any good which— 
(i) for calendar years 2027 and 
2028— 
(I) contains greater than 500 
pounds of any combination of any cov-
ered iron or steel products, or 
(II) was produced from inputs of 
any combination of covered iron or 
steel products, the value of which 
comprise more than 90 percent of the 
total value of the material inputs in-
volved in the production of such good, 
(ii) for calendar years 2029 and 
2030— 
(I) contains greater than 100 
pounds of any combination of any cov-
ered iron or steel products, or 
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(II) was produced from inputs of 
any combination of covered iron or 
steel products, the value of which 
comprise more than 75 percent of the 
total value of the material inputs in-
volved in the production of such good, 
and 
(iii) for any calendar year after cal-
endar year 2030— 
(I) contains greater than such 
amount as is determined by the Sec-
retary (as determined in coordination 
with the relevant parties, and which 
shall not be greater than 100 pounds) 
of any combination of any covered 
iron or steel products, or 
(II) was produced from inputs of 
any combination of covered iron or 
steel products, the value of which 
comprise more than such percentage 
as is determined by the Secretary (as 
determined in coordination with the 
relevant parties, and which shall not 
be greater than 75 percent) of the 
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total value of the material inputs in-
volved in the production of such good. 
(B) 
EXCEPTION.—The 
term 
‘‘finished 
good’’ shall not include any waste or scrap 
product that is imported or exported. 
(5) 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 this subchapter. 
(6) GREENHOUSE GAS EMISSIONS.—The term 
‘‘greenhouse gas emissions’’ means the amount of 
greenhouse gases, expressed in metric tons of CO2- 
e, which were emitted to the atmosphere. 
(7) RELEVANT PARTIES.—The term ‘‘relevant 
parties’’ means— 
(A) the Administrator, 
(B) the Secretary of Energy, 
(C) the Secretary of Commerce, 
(D) the United States Trade Representa-
tive, and 
(E) the Chair and Vice Chair of the 
United States International Trade Commission. 
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TITLE III—EXPENDITURE OF 
REVENUES 
SEC. 301. ADMINISTRATIVE EXPENSES. 
For fiscal year 2025 and each subsequent fiscal year, 
there is appropriated, out of any funds in the Treasury 
not otherwise appropriated, to the Secretary of Energy an 
amount equal to 75 percent of the total amount collected 
in the preceding fiscal year pursuant to the tariff imposed 
under section 202, to be made available to carry out this 
Act. 
SEC. 302. ECONOMIC SUPPORT FUND. 
For fiscal year 2025 and each subsequent fiscal year, 
in addition to amounts otherwise available, there is appro-
priated, out of any funds in the Treasury not otherwise 
appropriated, an amount equal to 25 percent of the total 
amount collected in the preceding fiscal year pursuant to 
the tariff imposed under section 202, to be made available 
to carry out programs, projects, and activities authorized 
pursuant to section 531 of the Foreign Assistance Act of 
1961 (22 U.S.C. 2346; referred to as the ‘‘economic sup-
port fund’’) to provide bilateral and multilateral assistance 
to foreign countries to support decarbonization programs 
and other climate and clean energy programs. 
Æ 
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