Republicans Step Up Attacks on New ESG Regulations From Europe

US Senator Bill Hagerty of Tennessee has introduced a bill that he says is designed to protect American companies from ESG regulations in Europe.

Hagerty, a Republican member of the Senate’s banking committee, proposed legislation on Wednesday in an effort to target what he described as “harmful extra-terratorial regulations.”

“American companies should be governed by US laws, not unaccountable lawmakers in foreign capitals,” Hagerty said in the proposal. “The European Union’s ideologically motivated regulatory overreach is an affront to US sovereignty.”

Bill Hagerty

Photographer: David Paul Morris/Bloomberg

Confrontations between the EU and US have become routine since the November reelection of Donald Trump, with ESG ...