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 aims to impose strict sustainability standards on large businesses, requiring them to enforce these standards 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, thereby coercing U.S. businesses into adhering to EU standards.
The resolution expresses the belief that compliance with the CSDDD would undermine U.S. sovereignty and transform the nation into a subordinate entity to the EU. It calls for the New Hampshire legislature to formally communicate this stance to various federal and state officials, requesting their support in rejecting any efforts to comply with the CSDDD. The resolution emphasizes the potential negative impact on U.S. businesses and the broader implications for American autonomy in corporate governance and economic policy.