Stop EU Overreach Act

In this Act:

(1) Appropriate congressional committees. The term appropriate congressional committees means—

(A) the Committee on Ways and Means of the House of Representatives; and

(B) the Committee on Finance of the Senate.

(2) Covered extraterritorial measures. The term covered extraterritorial measures means—

(A) Directive (EU) 2024/1760 of the European Parliament and of the Council of June 13, 2024, on corporate sustainability due diligence and amending Directive (EU) 2019/1937 and Regulation (EU) 2023/2859;

(B) Directive (EU) 2022/2464 of the European Parliament and of the Council of December 14, 2022, amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU, as regards corporate sustainability reporting;

(C) Regulation (EU) 2023/1115 of the European Parliament and of the Council of May 31, 2023, on the making available on the Union market and the export from the Union of certain commodities and products associated with deforestation and forest degradation and repealing Regulation (EU) No 995/2010;

(D) Regulation (EU) 2023/956 of the European Parliament and of the Council of May 10, 2023, establishing a carbon border adjustment mechanism (Carbon Border Adjustment Mechanism or CBAM); or

(E) any successor directive, regulation, or implementing measure of the European Union or any member state of the European Union that imposes substantially similar extraterritorial due diligence, reporting, emissions accounting, deforestation-related, carbon pricing, or sustainability obligations on United States persons as though under the authorities described in subparagraphs (A) through (D).

(3) Extraterritorial obligations. The term extraterritorial obligations means, with respect to the covered extraterritorial measures, any requirement applicable to a United States person with respect to the conduct, operations, or relationships of such a person occurring outside the territory of the European Union, including obligations relating to—

(A) the operations of subsidiaries or affiliates;

(B) supply chain or value chain partners; or

(C) business practices, labor standards, or environmental measures, emissions reporting, or sustainability disclosures.

(4) United States person. The term United States person means—

(A) a United States citizen; and

(B) an entity organized under the laws of the United States or any State, including any subsidiary or affiliate of such entity.

(5) USTR. The term USTR means the United States Trade Representative.