H.R. 9385, Corporate Accountability Exemption. Quorum's AI analysis reads it as a net cost — and names who bears it.
H.R. 9385 · Net cost
What it does
This bill prohibits U.S.-based companies in extractive and manufacturing sectors from complying with foreign environmental and social due diligence rules—particularly the EU's Corporate Sustainability Due Diligence Directive—even when operating abroad. It bars foreign courts from enforcing such rules against these companies in U.S. courts, grants the President broad power to exempt companies on hardship petition, and authorizes the President to take unspecified protective action against foreign enforcement.
The analysis names extractive sector companies (mining, oil, gas, timber, agriculture) — and 2 more groups — among the beneficiaries.
The cost
The bill's definition of 'entity integral to national interests' is extremely broad—any U.S.-organized business with substantial U.S. operations qualifies, plus any entity the President designates. This creates a de facto carve-out for most large U.S. corporations in extractive/manufacturing sectors.
The analysis put a high warning level on this bill. Transparency scores 35%, and the analysis found no provisions unrelated to the bill's subject.
Who is behind it
Filed by Scott Fitzgerald.
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