Civicslog

Tracking presidential actions and other news.

Review of Proposed United States Steel Corporation Acquisition

The order directs Federal agencies including the Treasury, State, Justice, Homeland Security, Defense, Commerce, Labor, Energy departments, the United States Trade Representative, the Director of National Intelligence, and the Director of the Office of Science and Technology Policy to review the proposed acquisition of the United States Steel Corporation by Nippon Steel Corporation, Nippon Steel North America, Inc., and 2023 Merger Subsidiary, Inc. The Committee on Foreign Investment in the United States (CFIUS) is tasked with conducting a de novo, confidential review of the acquisition, identifying potential national security risks, and providing an opportunity for the parties to respond to such concerns.