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

On June 13, 2025, President Donald Trump issued an order regarding the proposed acquisition of United States Steel Corporation by Nippon Steel Corporation. The order modifies a previous decision from January 3, 2025, which prohibited the acquisition due to national security concerns. The new order allows the transaction to proceed if Nippon Steel and U.S. Steel enter into a national security agreement with the Department of the Treasury and other relevant agencies. This agreement must address and mitigate the identified national security risks. The order also authorizes the Committee on Foreign Investment in the United States (CFIUS) to monitor and enforce compliance with the agreement to ensure the protection of U.S. national security.