Annual report

(a) In general Not later than one year after the date of the enactment of this Act, and annually thereafter, the Secretary of the Treasury shall submit to Congress a report— (1) describing the efforts of the Department of the Treasury— (A) to help United States entities that manufacture covered products counter unfair competition from nonmarket economy countries; and (B) to increase jobs in the United States; (2) assessing the competitive advantage of the United States with respect to greenhouse gas intensity; and (3) assessing the impact of this Act and the amendments made by this Act on the United States trade deficit and economic activity. (b) Biennial reviews In each report required by subsection (a) submitted during an odd-numbered year, the Secretary shall include an assessment of whether this Act and the amendments made by this Act are achieving their intended policy goals. (c) Covered product defined In this section, the term covered product has the meaning given that term in section 4696 of the Internal Revenue Code of 1986, as added by title I.