The EU just modified its Corporate Sustainability Due Diligence Directive (CSDDD), promising to reduce the massive cost associated with the new regulations, but American families and businesses could still pay the price.

According to a new study from the Hudson Institute, here’s what’s at stake:

• $637 Billion to $1.093 Trillion in initial compliance costs for U.S. companies
• Hundreds of billions in annual recurring costs – comparable to all existing U.S. environmental and financial regulations combined
• Higher prices and fewer choices for everyday Americans

Even after the EU’s attempts to fix its rules, the burden remains crushing. These aren’t abstract numbers, they translate to lost jobs, reduced wages and higher costs for families across America.

The EU Parliament hasn’t shared how CSDDD could impact global industry, but a new economic report reveals the devastating truth. CSDDD could force American companies to absorb staggering compliance expenses and make prices higher.