• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Crypto prices down slightly as analysts question timing of bear market bottom

August 17, 2026

The Founding Fathers vs. The Filibuster – An Indictment * The Gateway Pundit * by Jim Hᴏft

August 17, 2026

Illegal Aliens Rescued by Border Patrol in Daring Missions in Remote Mountainous Crossing Region

August 17, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Monday, August 17
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    The Founding Fathers vs. The Filibuster – An Indictment * The Gateway Pundit * by Jim Hᴏft

    August 17, 2026

    One Dead, Thousands without Power and Homes Swept Away as Hurricane Lala Slams Into Hawaii’s Big Island (VIDEO)

    August 17, 2026

    Minnesota Democrat Senatorial Candidate Cheered Destruction of Christopher Columbus Statue by Leftist Mob * The Gateway Pundit * by Jim Hoft

    August 17, 2026

    AG Todd Blanche Weighs in On President Trump’s Priority to Keep America Safe, “He and I Share the Same Vision for This Country” – (VIDEO)

    August 17, 2026

    Migrant From Ghana Arrested Multiple Times in Two Weeks For Raping, Sexually Assaulting Women in Oklahoma * The Gateway Pundit * by Cristina Laila

    August 17, 2026
  • Health

    Epic lawsuits, vaccine schedule, food safety: Morning Rounds

    August 17, 2026

    Your Food Contains Ingredients FDA Has Never Reviewed. A New Rule Targets That

    August 17, 2026

    Kennedy’s California MAHA tour avoids divisive issues like vaccines

    August 17, 2026

    3 ‘Vital Stories’ Films Had World Premieres At Tribeca Festival

    August 17, 2026

    NIH Reportedly Flagging, Freezing Policy-Focused Grant Applications

    August 16, 2026
  • World

    Illegal Aliens Rescued by Border Patrol in Daring Missions in Remote Mountainous Crossing Region

    August 17, 2026

    ‘Youngest Black Professor’ Found Dead Amid Plagiarism Claims

    August 17, 2026

    Maggie Haberman Torpedoes 1 Of Trump’s Favorite Claims As A ‘Spectacle’

    August 17, 2026

    British Treasure Hunters Hit Pay Dirt, Find Gold After Years of Failure

    August 17, 2026

    Iranian State Media Mocks Trump for Secret Airplane Swap in Turkey

    August 17, 2026
  • Business

    ATF Rule Could Cause Classic Showdown Between Mom And Pop Shops Versus Online Retailers

    July 10, 2026

    Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)

    July 9, 2026

    The Agency Elizabeth Warren Built Now Advances Trump’s Agenda

    July 9, 2026

    Meta To Shell Out Billions For New AI Data Center Outside US

    July 9, 2026

    How Big Banks Are Scheming To Jack Up Your Fees

    July 8, 2026
  • Finance

    Crypto prices down slightly as analysts question timing of bear market bottom

    August 17, 2026

    Micron stock heats up again, crossing $1,000

    August 17, 2026

    Purchase rates currently lower than refi rates

    August 17, 2026

    Why Bitcoin is Falling Despite US Stocks Hitting Record Highs

    August 17, 2026

    AbCellera (ABCL) Soars 64% as Drug Candidate Holds Huge Market Opportunity

    August 17, 2026
  • Tech

    UK Prime Minister Andy Burnham Duped by Hoax White House Messages

    August 17, 2026

    Chatbot Does Research, Keeps Sen. Tuberville Company on Long Drives

    August 16, 2026

    Ex-Police Officer Convicted of Sharing ‘Grossly Offensive’ Islam Meme

    August 16, 2026

    Mark Zuckerberg’s Meta Heads to Court to Face Youth Social Media Addiction Claims from 29 States

    August 16, 2026

    Anthropic CEO Dario Amodei’s Wife Cami Clark Courted Jeffrey Epstein to Invest in Her Porn Company

    August 16, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»World»Exclusive — Rep. Craig Goldman’s Bill Targets EU Rule Projected to Cost U.S. Businesses More Than $1 Trillion
World

Exclusive — Rep. Craig Goldman’s Bill Targets EU Rule Projected to Cost U.S. Businesses More Than $1 Trillion

July 26, 2026No Comments6 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Rep. Craig Goldman (R-TX) introduced legislation Thursday directing the United States Trade Representative (USTR) to investigate European Union sustainability regulations that the bill says reach beyond Europe and impose obligations on American companies, with possible remedies including tariffs, the suspension of trade-agreement benefits, or other actions under Section 301 of the Trade Act of 1974.

The Stop EU Overreach Act covers the European Union’s Corporate Sustainability Due Diligence Directive, Corporate Sustainability Reporting Directive, Deforestation Regulation, and Carbon Border Adjustment Mechanism, as well as successor measures imposing substantially similar obligations.

The bill states that the rules can reach the operations, subsidiaries, affiliates, suppliers, and value chains of American companies even when the relevant conduct occurs wholly or substantially outside EU territory and complies with U.S. law. Those obligations can include supply-chain and value-chain mapping and due diligence, emissions and sustainability reporting, deforestation-related traceability and geolocation requirements, third-party verification and auditing, and public disclosures.

The measure argues that the regulations burden U.S. commerce and conflict with American legal principles involving limited liability, state corporate fiduciary duties, federal securities requirements, and domestic energy and environmental policy. It also cites an August 21, 2025, joint statement in which the EU committed to addressing U.S. concerns about the extraterritorial application of its rules, while asserting that subsequent amendments have not resolved the central problems identified by the legislation.

According to the bill, Argentina, Australia, Brazil, India, South Africa, and the United Kingdom have expressed shared concerns about the rules’ extraterritorial reach, which it characterizes as a multilateral objection rather than solely a bilateral dispute.

See also  EXCLUSIVE: CCP Officials Set Up Talent Recruitment Program At US Firm Behind Taxpayer-Backed EV Battery Plants

Under the legislation, the USTR would have 30 days after enactment to initiate an investigation under Section 302(b) of the Trade Act to determine whether the EU measures constitute unreasonable or discriminatory practices that burden or restrict American commerce. The investigation could examine compliance costs, legal exposure tied to overseas subsidiaries and suppliers, and competitive disadvantages faced by U.S. companies.

The USTR would consult affected American persons, trade associations, labor representatives, and designated federal officials before issuing a determination within 12 months, subject to one possible 60-day extension under extraordinary circumstances.

If the agency makes an affirmative determination, it would consider remedies including measures addressing imports from EU member states, suspension of trade-agreement benefits, duties proportionate to the burden imposed, or other actions intended to eliminate that burden. A negative determination would require an explanation to Congress.

The bill would also require an initial report within 90 days of enactment and a determination report within 30 days after the agency’s decision, describing the findings, any proposed or completed remedy, and the expected effects on U.S. commerce, consumers, and the U.S.-EU trade relationship.

The legislation would preserve the president’s and USTR’s existing trade authorities and would not itself declare that any EU measure violates federal law or a trade agreement. Its requirements would end for an individual measure once the USTR certifies that the EU repealed or formally amended it to eliminate its application to American persons, or entered a binding agreement shielding them from obligations involving conduct, operations, or relationships outside the territory of any EU member state.

Goldman told Breitbart News in an exclusive interview, “Some of your best ideas for legislation come from constituents or people you represent in the state, and that’s exactly the case with this.” He said that the proposal arose from seeing “how unfair it is for American businesses to try and conduct business in the EU” under what he called “extreme green energy mandates.”

See also  Joe Biden's 'Terrible' Decisions Caused Taliban Takeover

“They’re charging American companies basically to do business in their countries,” Goldman continued, referring to “an added expense for an American company to follow the green energy mandates of the EU.”

Goldman linked the Stop EU Overreach Act to H.J. Res. 75, his resolution eliminating stricter federal energy-conservation standards for commercial refrigeration equipment, which President Donald Trump signed into law on May 9, 2025. He described it as “the very first piece of legislation” he passed and had signed by the president, adding, “We want to end those for American companies too.”

Asked whether any of the four European measures posed a greater threat than the others, Goldman said he viewed them similarly.

“I don’t think one is greater than the other,” he said. “We think they’re equally abusive to American companies trying to do business over there” and amount to “completely unfair business practices.”

A Hudson Institute study provided to Breitbart News by Goldman’s office estimated that the Corporate Sustainability Due Diligence Directive could impose more than $1 trillion in initial compliance costs on U.S. businesses, with recurring annual costs of up to $43 billion when implicit costs are included.

Addressing what those costs could mean for workers, consumers, and smaller companies, Goldman said, “We think Texas would be the most affected state if these rules are implemented,” adding that the legislation would protect “Texas businesses” and “American businesses.”

Goldman said he is a “free trader” but said President Trump’s explanation of his use of tariffs helped him better understand “the amount of unfair trade that was going on,” including U.S. products facing tariffs in the EU and other countries while the United States was “free trading their goods on our side. We certainly want free trade,” he said, “but again, ‘Fair’ being capitalized there because there’s no sense in having free trade if we don’t have fair trade.”

See also  Ten Killed, 22 Wounded in Damascus Cafe Bombing

Goldman said the European Union is the legislation’s immediate focus.

“This was kind of the first bite of the apple, if you will, seeing the unfair trade practices with the EU on the green energy mandate,” he said. “We’re certainly looking at the other countries around the world to see if we need to implement legislation in regards to them.”

Goldman said lawmakers his office approached about joining the bill responded that it “actually makes common sense,” adding that “common sense” can be “two tough words to use in government.”

“We’re starting to talk to members’ offices and getting great responses,” he said. “So we should see a lot more co-sponsors hop on this quickly.”

The legislation is supported by Reps. Jodey Arrington (R-TX), Greg Steube (R-FL), Gus Bilirakis (R-FL), Randy Weber (R-TX), Buddy Carter (R-GA), Warren Davidson (R-OH), Pete Sessions (R-TX), and the Small Business & Entrepreneurship Council.

Bill Businesses Cost Craig EXCLUSIVE Goldmans Projected Rep Rule Targets Trillion U.S
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Illegal Aliens Rescued by Border Patrol in Daring Missions in Remote Mountainous Crossing Region

August 17, 2026

‘Youngest Black Professor’ Found Dead Amid Plagiarism Claims

August 17, 2026

Your Food Contains Ingredients FDA Has Never Reviewed. A New Rule Targets That

August 17, 2026

Maggie Haberman Torpedoes 1 Of Trump’s Favorite Claims As A ‘Spectacle’

August 17, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Mental Wellbeing In Later Years: Strategies For Seniors

April 11, 2025

What To Shop During Avène’s Deal Days Sale

July 10, 2023

Economy in better shape than doomsayers say: BlackRock exec Rieder

May 23, 2023

NBA Reportedly Lifts Marijuana Ban in Collective Bargaining Agreement

April 6, 2023
Don't Miss

Crypto prices down slightly as analysts question timing of bear market bottom

Finance August 17, 2026

Bitcoin (BTC-USD) opened at $62,829.64 on Monday, August 17, 2026, 0.3% lower than Sunday’s opening…

The Founding Fathers vs. The Filibuster – An Indictment * The Gateway Pundit * by Jim Hᴏft

August 17, 2026

Illegal Aliens Rescued by Border Patrol in Daring Missions in Remote Mountainous Crossing Region

August 17, 2026

Epic lawsuits, vaccine schedule, food safety: Morning Rounds

August 17, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,399)
  • Entertainment (6,306)
  • Finance (4,625)
  • Health (2,744)
  • Lifestyle (1,915)
  • Politics (4,264)
  • Sports (5,081)
  • Tech (2,521)
  • Uncategorized (4)
  • World (6,426)
Our Picks

YouTube CEO Steps Down | The Daily Caller

February 16, 2023

McDonald’s Stock Looks Tasty Here as Investors Gobble Up Value

May 11, 2026

Companies Are Slashing Away At Debt As Surging Inflation Casts Shadow Over Interest Rate Cuts

May 1, 2024
Popular Posts

Crypto prices down slightly as analysts question timing of bear market bottom

August 17, 2026

The Founding Fathers vs. The Filibuster – An Indictment * The Gateway Pundit * by Jim Hᴏft

August 17, 2026

Illegal Aliens Rescued by Border Patrol in Daring Missions in Remote Mountainous Crossing Region

August 17, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.