; and (3) creation of a Climate Action Rebate Fund can make markets more efficient, create jobs, stimulate innovation, invest in infrastructure, put money back in the pockets of Americans, and provide for the transition to a cleaner energy future. 3. Carbon fee (a) In general Chapter 38 of subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new subchapter: E Carbon fee Sec. 4691. Definitions. Sec. 4692. Carbon fee. Sec. 4693. Emissions reduction schedule. Sec. 4694. Fee on fluorinated greenhouse gases. Sec. 4695. Carbon capture refunds. Sec. 4696. Carbon border fee adjustment. Sec. 4697. Administration of the carbon border fee adjustment. Sec. 4698. Allocation of carbon border fee adjustment revenues. 4691. Definitions For purposes of this subchapter— (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— (1) 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, and (2) any manufactured product which the Secretary, in consultation with the Administrator, determines is energy-intensive and trade-exposed (with the exception of any covered fuel). (d) Covered entity The term covered entity means— (1) in the case of crude oil— (A) any operator of a United States refinery (as described in subsection (d)(1) of section 4611), and (B) any person entering such product into the United States for consumption, use, or warehousing (as described in subsection (d)(2) of such section), (2) in the case of coal— (A) any producer subject to the tax under section 4121, and (B) any importer of coal into the