1. Short title This Act may be cited as the Protecting U.S. Business Sovereignty Act . 2. Study on detrimental impact of the Directive on Corporate Sustainability Due Diligence and Corporate Sustainability Reporting Directive (a) Study The Comptroller General of the United States 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 Comptroller General of the United States 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; and (2) recommendations for policymakers and relevant stakeholders on potential mitigating measures, alternative approaches, or modifications to each of the Directives that would address any concerns identified in the study. (c) Access to information The Comptroller General of the United States may request from private entities such relevant data and information as the Comptroller General determines necessary to carry out the study required under this section and such private entities shall provide such requested data and information to the Comptroller General. (d) Directives defined In this section the term Directives means— (1) the proposed directive entitled Corporate Sustainability Due Diligence adopted by the European Commission on February 23, 2022