HR 4653 United States House · 118th Congress

Protecting U.S. Business Sovereignty Act

This bill directs the Securities and Exchange Commission (SEC) to study the effects of two specific European Union sustainability directives on U.S. businesses, consumers, and the U.S. economy. The study will examine how these EU rules - requiring corporate sustainability reporting and due diligence - impact U.S. companies, align with global human rights/environmental standards, and justify the EU’s legal authority over foreign entities. The SEC must submit a report within one year, including findings and recommendations for policymakers. The bill does not change laws but mandates this analysis to inform U.S. policy responses.
Bill status in committee 1 of 4 stages cleared
Introduction
Jul 2023
Committee Review
Floor Vote
President
Introduced Jul 14, 2023 Last action Jul 14, 2023
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2
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Committee
1
Jul 14, 2023
Committee
Referred to the House Committee on Financial Services.
lower
Jul 14, 2023
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor

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