From the Summary: "A 'Europe fit for the digital age' is a top European Union (EU) priority and a key part of EU economic recovery efforts from the Coronavirus Disease 2019 (COVID-19) pandemic. Under the European Commission's digital policy roadmap, 'Shaping Europe's Digital Future,' the EU aims to strengthen the EU economy and improve the region's digital competitiveness, especially with the United States and China. The EU initiative may raise several issues for Congress, such as the impact on U.S. firms doing business in the EU and U.S. leadership in setting global digital rules and standards. The initiative may also offer the potential for partnership between the United States and the EU to address areas of common concern."
CRS Report for Congress, R46732
Congressional Research Service: https://crsreports.congress.gov/