; and (2) each time the Committee submits a finding or recommendation to the Commission, promptly issue a public statement— (A) assessing the finding or recommendation of the Committee; and (B) disclosing the action, if any, the Commission intends to take with respect to the finding or recommendation. (h) Committee findings Nothing in this section shall require the Commission to agree to or act upon any finding or recommendation of the Committee. (i) Nonapplicability of FACA Chapter 10 of part I of title 5, United States Code, shall not apply to the Committee and its activities. . IV Protecting U.S. Business Sovereignty 401. Study on detrimental impact of the Directive on Corporate Sustainability Due Diligence and Corporate Sustainability Reporting Directive (a) Study The Securities and Exchange Commission shall conduct a study to examine and evaluate— (1) the detrimental impact and potential detrimental impact of each of the Directives on— (A) United States companies, consumers, and investors; and (B) the economy of the United States; (2) the extent to which each of the Directives aligns with international conventions and declarations on human rights and environmental obligations; and (3) the legal basis for the extraterritorial reach of each of the Directives. (b) Report Not later than 1 year after the date of the enactment of this Act, the Securities and Exchange Commission shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate, the Committee on Financial Services of the House of Representatives, the Secretary of State, the Secretary of Commerce, and the United States Trade Representative a report that includes— (1) the results of the study conducted under this section