# What the Protecting U.S. Business Sovereignty Act Does

This bill asks the Securities and Exchange Commission (the federal agency that oversees stock markets and investments) to study how two European Union rules might hurt American companies and the U.S. economy. These European rules require companies to report on their environmental and human rights practices throughout their supply chains, and to conduct investigations into potential harm caused by their operations or suppliers.

The bill's supporters worry that these European rules could create problems for American businesses. The concern is that European regulations shouldn't apply to U.S. companies just because they do business with European customers or partners. The bill wants the SEC to investigate whether these European rules are fair, whether they actually align with international human rights standards, and whether Europe has the legal right to enforce these rules on American companies. The SEC would have one year to complete this study and report back to Congress, the State Department, the Commerce Department, and the U.S. Trade Representative.

To conduct this study, the SEC would be allowed to demand information from private companies about how these European rules affect them. The bill then asks for recommendations on how to address any problems that the study finds—whether that means negotiating changes to the European rules, finding alternative approaches, or other solutions. Essentially, this is a fact-finding mission to determine if American businesses are being unfairly burdened by European regulations and what the U.S. government might do about it.

Protecting U.S. Business Sovereignty Act

Meuser, Daniel

Protecting U.S. Business Sovereignty Act This bill requires the Securities and Exchange Commission to report on the effects of the European Union's directives on corporate sustainability, particularly on&nbsp;U.S. companies, consumers, and investors.