EU CSDDD Under US Pressure: Some Insights on the PROTECT USA Act

EU CSDDD Under US Pressure: Some Insights on the PROTECT USA Act

Senator Hagerty's PROTECT USA Act opposes EU's CSDDD, shielding U.S. companies from compliance and enforcement. Learn about its implications for businesses

EU CSDDD under US pressure: Some Insights on the PROTECT USA Act

The European Commission’s (EC) recent announcement of the Omnibus Simplification Proposals signals that it has heard the challenges and objections raised by companies affected by the new requirements of the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD). But in the US, Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, has introduced legislation that could impo…