summary
Introduced
07/14/2023
07/14/2023
In Committee
07/14/2023
07/14/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To require the Securities and Exchange Commission to conduct a study on the detrimental impact of the Directive on Corporate Sustainability Due Diligence and the Corporate Sustainability Reporting Directive on United States companies, and for other purposes.
AI Summary
This bill, the Protecting U.S. Business Sovereignty Act, requires the Securities and Exchange Commission (SEC) to conduct a study on the detrimental impact of the Directive on Corporate Sustainability Due Diligence and the Corporate Sustainability Reporting Directive, both adopted by the European Commission, on U.S. companies, consumers, investors, and the U.S. economy. The study will also examine the alignment of these directives with international human rights and environmental obligations, as well as their legal basis for extraterritorial reach. The SEC must submit a report to Congress and relevant stakeholders, including recommendations for potential mitigating measures, alternative approaches, or modifications to address any concerns identified in the study.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Referred to the House Committee on Financial Services. (on 07/14/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/4653/all-info |
| BillText | https://www.congress.gov/118/bills/hr4653/BILLS-118hr4653ih.pdf |
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