; and (4) creation of a Carbon Dividend Trust Fund, to be distributed to the American people, will make markets more efficient, create jobs, and stimulate competition, innovation, and technological progress that benefit all Americans and future generations. 3. Carbon dividends and carbon fee (a) In general The Internal Revenue Code of 1986 is amended by adding at the end the following new subtitle: L CARBON DIVIDENDS AND CARBON FEE Chapter 101. Carbon Fees Chapter 102. Carbon Border Fee Adjustment 101 Carbon Fees Sec. 9901. Definitions. Sec. 9902. Carbon fee. Sec. 9903. Emissions reduction schedule. Sec. 9904. Fee on fluorinated greenhouse gases. Sec. 9905. Decommissioning of carbon fee. Sec. 9906. Carbon capture and sequestration. Sec. 9907. Administrative authority. 9901. Definitions For purposes of this subtitle: (a) Administrator The term Administrator means the Administrator of the Environmental Protection Agency. (b) Carbon dioxide equivalent or CO 2 -e The term carbon dioxide equivalent or CO 2 -e means the number of metric tons of carbon dioxide emissions with the same global warming potential as one metric ton of another greenhouse gas. (c) Carbon-Intensive product The term carbon-intensive product means, as identified by the Secretary by rule— (1) any manufactured or agricultural product which the Secretary in consultation with the Administrator determines is emissions-intensive and trade-exposed, except that no covered fuel is a carbon-intensive product, and (2) until such time that the Secretary promulgates rules identifying carbon-intensive products, the following shall be considered carbon-intensive products: iron, steel, steel mill products (including pipe and tube), aluminum, cement, glass (including flat, container, and specialty glass and fiberglass), pulp, paper, chemicals, or industrial ceramics. (d) Carbon leakage The term carbon leakage means an increase of global greenhouse gas emissions which are substantially due to the relocation of greenhouse gas sources from the United States to