Labor Caucus Vice-Chairs Kaptur and Deluzio Lead Call to Block Nippon’s Proposed Acquisition of U.S. Steel

WASHINGTON, D.C. – Yesterday, Congressional Labor Caucus Vice-Chairs Representatives Marcy Kaptur (D-OH) and Chris Deluzio (D-PA) and Caucus Co-Chairs Representatives Debbie Dingell (D-MI), Mark Pocan (D-WI), Donald Norcross (D-NJ), and Steven Horsford (D-NV) led 29 Members of Congress in calling on President Biden to block the sale of U.S. Steel to foreign-owned Nippon Steel.

“American steel manufacturing has been a cornerstone of our nation’s industrial might for decades. Our ability to manage our production and domestic supply of steel is paramount to American national security and the stability of our economy. The proposed acquisition continues to raise serious concerns about how it might threaten the viability of US steel manufacturing,” said the Members.

“Given the thorough reviews of Nippon Steel’s past trade practices that have unfairly endangered US steel manufacturing and steel worker jobs, as well as the known national security implications of its proposed acquisition of US Steel, we call for your strong repudiation of the merger on or before the December 22, 2024 end of CFIUS’s third 90-day review period. The decision is critical to the stability of our industrial base and economic security as well as the guaranteeing of our steel supplies which are essential to our defense production,” continued the Members.

In January, the Labor Caucus urged the Biden Administration to ensure a comprehensive regulatory review of Nippon Steel’s acquisition of U.S. Steel, highlighting the impact of the planned acquisition on U.S. national security, domestic steel production capabilities, and the company’s workforce.

A full copy of the letter can be found here. 

The letter was signed by 29 Members of Congress, including: Reps. Brendan Boyle, Shontel Brown, Nikki Budzinski, Andre Carson, Greg Casar, Chris Deluzio, Mark DeSaulnier, Debbie Dingell, John Garamendi, Steven Horsford, Val Hoyle, Jonathan Jackson, Hank Johnson, Marcy Kaptur, Timothy Kennedy, Ro Khanna, Dan Kildee, Greg Landsman, Stephen Lynch, Frank Mrvan, Donald Norcross, Eleanor Holmes Norton, Mark Pocan, Katie Porter, Andrea Salinas, Hillary Scholten, Eric Sorensen, Haley Stevens and Emilia Sykes.