Posted 12/19/2023, 8:34:00 PM
Lawmakers Voice National Security Concerns Over Proposed $15B Sale of U.S. Steel to Nippon
- Lawmakers from both parties raise concerns about $15B acquisition of U.S. Steel by Japanese company Nippon Steel
- Deal could threaten national security, shift jobs overseas, and undermine U.S. industrial capacity
- Senators urge Committee on Foreign Investment to block the sale on national security grounds
- Democrats criticize potential loss of union jobs and lack of inclusion for workers in decision-making
- Purchase plan cites favorable conditions from infrastructure bill and reshoring of manufacturing