House Passes Congressman Meuser’s Protecting U.S. Business Sovereignty Act

Washington, D.C. – Yesterday, the House of Representatives passed H.R. 4790, the Prioritizing Economic Growth Over Woke Policies Act, introduced by Congressman Bill Huizenga. The bill includes a beneficial provision authored by Rep. Dan Meuser (R-PA), H.R. 4653, the Protecting U.S. Business Sovereignty Act.

Rep. Meuser’s legislation specifically targets foreign overreach by addressing the European Union's Corporate Sustainability Due Diligence Directive (CSDDD), requiring the Securities and Exchange Commission (SEC) to study how this EU directive harms U.S. businesses.

CSDDD imposes politically motivated environmental and social mandates on U.S. businesses operating in European markets, threatening U.S. economic sovereignty, and harming our economy. Any U.S. business that does $100 million in revenue in the EU is captured and forced to comply or face heavy penalties.

"Let me be clear—Republicans are not against ESG as an investment choice," said Congressman Meuser. "If individual investors want to prioritize environmental, social, or governance factors, that’s their freedom. What we oppose is when these ideological views are mandated—when investors and businesses are forced to comply with burdensome regulations that prioritize political ideology over profitability."

Congressman Meuser’s legislation prioritizes economic growth, limits regulatory overreach, and safeguards the freedom of choice for American investors. Congressman Meuser urges the Senate to swiftly pass this important legislation to ensure American businesses and investors are protected from harmful, unnecessary mandates.

Text of H.R. 4653, the Protecting U.S. Business Sovereignty Act, can be found here.

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