Prohibition on compliance with foreign sustainability due diligence regulations

(a) In general Except as provided in subsection (b), no entity integral to the national interests of the United States may comply with any foreign sustainability due diligence regulation. (b) Exception for ordinary business activities Subsection (a) does not prohibit an entity from undertaking actions that it may lawfully take— (1) to comply with a statute of the United States; or (2) in the ordinary course of business. (c) Hardship relief process (1) Petition for relief Any entity integral to the national interests of the United States that believes it will experience particular hardship in connection with the prohibition described in subsection (a) may petition the President for an exemption from such prohibition. (2) Decision Not later than 30 days after the date on which the President receives a petition from an entity submitted under paragraph (1), the President shall provide a written decision to the entity that— (A) grants or denies the requested exemption; (B) contains a statement setting forth the basis for the decision; and (C) in the case of a granted exemption, describes any condition that the exemption is subject to, as determined by the President. (3) Factors to be considered In making the decision required by paragraph (2), the President shall consider— (A) the extent to which the denial of a petition submitted under paragraph (1) by an entity would result in the inability of the entity to participate in value chains associated with products essential for domestic use in the United States; (B) possible adverse effects on the economy in any locality or region of the United States, including adverse effects on employment; (C) the degree to which granting the petition would impact, directly or indirectly, the United States; and (D) the extent to which denial of the petition would prevent the entity from divesting in a business formed under the laws of a jurisdiction subject to a foreign sustainability due diligence regulation.