Nope, not according to the US state department:
https://www.state.gov/treaties-in-force/
I looked, couldn't find it.
Apparently it is being implemented via executive order. It seems like enforcement could be struck down in the courts. For those that aren't familiar with how the US works, an EO is just the president telling federal employees to do something. Biden could issue an EO telling the FBI to arrest me for calling him a poopy head, but I would never be indicted for it. I am not seeing it on the state department list of US treaties either. So with no real treaty, the question still stands of what can the EU really do to a US entity that refuses to comply?
This was the answer I was looking for. Thanks!
"You read that condescension into it by yourself. You are asking a question and that is the answer I have no idea about your context." That is fair. I hadn't had my coffee and have been dealing with an unusually high amount of unpleasant individuals lately, hence the short fuse.
I am more interested in the enforcement scenario where a US business just completely ignores the fines, lawsuits, etc.
"sue them and seize assets."
How are they going to enforce that on a US company if what they did wasn't illegal in the US and the act in question was done in the US?
I've read that, it just says more fines. Say I ignore them, now what?
How would they implement that?
Suppose Reddit tells them to go away. What are they going to do about it?
Wouldn't they have to have some sort of presence in the EU? If all of their operations are US based (I don't know if they are or not), can the EU really do anything about it?
"Ask yourself if these giants were just too nice to give in, or if they were too poor to hire a lawyer."
Option 3, cheaper to pay than to fight it. If you aren't from the US, people have pled guilty to even criminal charges because the cost of going to court and fighting it is higher than what is offered in the plea deal. Option 4, public backlash not worth the cost.