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2 shown · Biden · Committee on Foreign Investment in the United States

Other2025-01-03Biden

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

President Biden issued an order under the Defense Production Act blocking Nippon Steel Corporation's proposed acquisition of U.S. Steel Corporation, finding credible evidence that the transaction threatened U.S. national security. The order prohibits the transaction and requires the parties to fully abandon it within 30 days, with weekly compliance certifications to CFIUS until abandonment is complete.

EO 140832022-09-15Biden

Ensuring Robust Consideration of Evolving National Security Risks by the Committee on Foreign Investment in the United States

This executive order directs the Committee on Foreign Investment in the United States (CFIUS) to expand its national security reviews of foreign investments by adding new factors: supply chain resilience, technological leadership in sectors like AI and quantum computing, aggregate industry investment trends, cybersecurity risks, and sensitive data access. It also requires CFIUS to periodically review its processes and report to the National Security Advisor.

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