Failure to meet the EU requirements could result in massive fines equal to as much as 5% of a company’s net worldwide turnover. Companies who violate the law could also be sued by individuals or activist groups for alleged damages caused by their undesirable practices.
Make no mistake about it, the CSDDD is a direct assault on America’s sovereignty. The European Union has no right to transform U.S. businesses and American culture. It has no right to tell Americans which labor rules it must comply with, how much land U.S. farmers and ranchers should use, or what kinds of cars we can drive. And yet, that is exactly what the European Union is doing.
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Unsurprisingly, the Biden administration is doing nothing to stop the CSDDD, and it seems at present that most members of Congress are completely unaware that it exists. That’s disturbing, to say the least, considering the scope of the EU law and the huge negative impacts it will inevitably have on the United States.
If lawmakers don’t stand up for American businesses and consumers soon, there will be no stopping the European Union’s reckless power grab from going into effect. Time is running out, and we simply cannot afford to lose this fight for freedom and prosperity.
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Source link : https://www.foxnews.com/opinion/europe-hell-bent-forcing-us-companies-woke-has-new-law-just.amp
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Publish date : 2024-06-10 09:00:00
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