This resolution urges the United States Congress and the President to reject compliance with the European Union's Corporate Sustainability Due Diligence Directive (CSDDD). The CSDDD is an Environmental, Social, and Governance (ESG) law that imposes strict standards on large businesses, requiring them to enforce ESG criteria on their entire supply chain, regardless of whether those businesses operate within the EU. The resolution highlights concerns that the CSDDD's requirements could lead to significant financial penalties for non-compliance, as well as potential lawsuits from activist groups. It argues that adherence to these EU standards could undermine U.S. sovereignty and transform American business practices through corporate coercion.
The resolution expresses the sentiment of the New Hampshire legislature, emphasizing the need for the United States to maintain its independence from EU regulations. It calls for the transmission of this resolution to key federal and state officials, requesting their cooperation in opposing compliance with the CSDDD. The overarching message is a strong rejection of external regulatory influence on U.S. businesses, advocating for the preservation of American autonomy in corporate governance.