The bill aims to implement a foreign pollution fee on imported products, particularly from countries like China, to address their alleged unfair environmental cost advantage over American manufacturers. It specifies the imposition criteria for the fee and emphasizes the need to level the playing field for US workers and manufacturers. The fee will be based on products' pollution intensity, with provisions for calculating and adjusting these values and preventing fee evasion. The bill also addresses partnerships, reassessment, negotiations, and support for low-income countries, setting terms and requirements for these provisions. It emphasizes regular reporting and reviews to monitor the bill's impact on US manufacturers and trade competitiveness.