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Congress Must Shield US Companies from European Regulations
Congress should exercise its constitutional powers over foreign commerce to guard American companies against overregulation by the European Union.
The Trump administration’s tariffs and the ensuing debates have diverted attention from the fact that regulating international trade is the role of Congress. After all, tariffs are taxes, and it’s a bedrock principle of U.S. law that taxation requires legislation.
The Framers made this point clear when they granted Congress the power to impose “imposts” and “duties” — meaning tariffs — to regulate external commerce.
Fortunately, Congress is starting to exercise its constitutional powers over foreign commerce again. On March 12, Sen. Bill Hagerty (R-Tenn.) — a former U.S. ambassador to Japan — introduced a bill to shield U.S. companies from the European Union’s Corporate Sustainability Due Diligence Directive, a regulation dating back to July 2024 that forces U.S. companies to audit their entire supply chains and disclose wide-ranging environmental, social, and governance or ESG metrics that exceed the requirements of U.S. law.
Economic Dynamism
Defending Technological Dynamism & the Freedom to Innovate in the Age of AI
Human flourishing, economic growth, and geopolitical resilience requires innovation—especially in artificial intelligence.
Partisan Trust in the Federal Reserve
This paper examines partisanship in public perceptions of the Federal Reserve.
It’s Not Easy, but We Can All Learn to Think like Adam Smith
To truly understand what a dynamic economy requires, we would do well to recover the 18th-century sensibility that understood dynamism as a social and cultural phenomenon as much as an economic one.
Locked Out of the Dream: Regulation Making Homes Unaffordable Around the World
The first in a two-part series on the global housing crisis.
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Adventures Among the Abundanauts
Can the Abundance theorists overcome an anti-growth, bureaucratic-driven Left?
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The Supreme Court Will Review New Waves of Litigation against the Oil Industry
The Chevron case asks whether multi-billion-dollar land-loss cases against U.S. energy majors, stemming from drilling activities that date back to World War II, belong in state or federal court.
