Unfortunately, like BPA, they will likely replace it with something just as harmful but less tested, since chemical regulations in the US work on a blacklist and not a whitelist.
https://www.food-safety.com/articles/9292-eu-poised-to-make-...
Europe produces a ton of chemicals and I seriously doubt they wait 20 years for long term and wide spread studies before putting products out.
For food, pharmacological and cosmetic ingredients, the EFSA requires scientific evaluation concluding no harmful effects in advance. Of course, if later harmful effects are observed authorization can be withdrawn. This is in contrast to e.g. the FDA process where such substances do not have to be demonstrated safe like that beforehand, AFAIK.
https://food.ec.europa.eu/safety/chemical-safety_en
https://environment.ec.europa.eu/strategy/chemicals-strategy...