Sec. 301. Study on detrimental impact of the Corporate Sustainability Due Diligence Directive and Corporate Sustainability Reporting Directive

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A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Securities and Exchange Commission shall conduct a study to examine and evaluate— the detrimental impact and potential detrimental impact of each of the Directives on— United States companies, consumers, and investors; and the economy of the United States; the extent to which each of the Directives aligns with international conventions and declarations on human rights and environmental obligations; and the legal basis for the extraterritorial reach of each of the Directives.

Not later than 1 year after the date of the enactment of this Act, the Securities and Exchange Commission shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate, the Committee on Financial Services of the House of Representatives, the Secretary of State, the Secretary of Commerce, and the United States Trade Representative a report that includes— the results of the study conducted under this section; and recommendations for policymakers and relevant stakeholders on potential mitigating measures, alternative approaches, or modifications to each of the Directives that would address any concerns identified in the study.

The Securities and Exchange Commission may request from private entities such relevant data and information as the Securities and Exchange Commission determines necessary to carry out the study required under this section and such private entities shall provide such requested data and information to the Securities and Exchange Commission. In this section the term Directives means— Directive

(EU)2024/1760 of the European Parliament and of the Council of 13 June 2024 on corporate sustainability due diligence; Directive

(EU)2022/2464 of the European Parliament and of the Council of 14 December 2022 on corporate sustainability reporting; and any directive of the European Parliament and of the Council that amends, supplements, replaces, or otherwise modifies a directive described in paragraph

(1)or (2), including Directive

(EU)2026/470 of the European Parliament and of the Council of 26 February 2026.