Civicslog

Tracking presidential actions and other news.

Regarding the Proposed Acquisition of the United States Steel Corporation by Nippon Steel Corporation

The order directs the Committee on Foreign Investment in the United States (CFIUS) to review the proposed acquisition of the United States Steel Corporation by Nippon Steel Corporation. The review was initiated due to concerns over potential risks to national security. The order also amends a previous order, allowing the acquisition to proceed if Nippon Steel and U.S. Steel comply with a national security agreement consistent with a draft submitted by the U.S. Government.