To amend the Clean Air Act to further protect and enhance the public interest by ensuring an orderly transition from chlorofluorocarbons (CFCs) and halons to substitute compounds, and for other purposes.

[AI summary unavailable — showing source text] Amends the Clean Air Act to direct the Administrator of the Environmental Protection Agency, notwithstanding provisions for the accelerated phase-out of class I substances (primarily chlorofluorocarbons and halons) or any other provision of law, to promulgate regulations allowing the production of chlorofluorocarbons and halons listed as class I substances to the extent that production does not exceed the limitations set forth in production phase-out schedules, thus superseding any previous regulation relating to the phase-out of the production or consumption of such substances. Permits any unused allowances of any producer or consumer to be equitably redistributed to other producers and consumers. Amends the Internal Revenue Code to reduce the base tax amount, effective with calendar year 1996, used to calculate the amount of the excise tax on ozone-depleting chemicals.…