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. 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 collective voice of the New Hampshire legislature, urging the federal government to take a stand against the CSDDD. It emphasizes the potential negative implications for U.S. businesses and the economy, suggesting that compliance would effectively make the U.S. a subordinate entity to EU regulations. The resolution calls for the transmission of its text to various federal and state officials, seeking their support in rejecting any efforts to comply with the CSDDD.