BRIEF-Japan-U.S. Business Council Issues Comments On Reports Regarding Biden Administration's Blocking Of Sale Of U.S. Steel To Nippon Steel-February 2024-www.financetom.com

BRIEF-Japan-U.S. Business Council Issues Comments On Reports Regarding Biden Administration's Blocking Of Sale Of U.S. Steel To Nippon Steel

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BRIEF-Japan-U.S. Business Council Issues Comments On Reports Regarding Biden Administration's Blocking Of Sale Of U.S. Steel To Nippon Steel

Sep 6, 2024 12:48 PM

Sept 5 (Reuters) - JAPAN-U.S. BUSINESS COUNCIL:

* ISSUES COMMENTS ON REPORTS REGARDING BIDEN

ADMINISTRATION'S

BLOCKING OF SALE OF U.S. STEEL TO NIPPON STEEL

* "VERY ALARMED BY ANY ATTEMPTS TO POLITICIZE THE COMMITTEE

FOREIGN INVESTMENT IN THE UNITED STATES (CFIUS) REVIEW PROCESS"

* REVIEW PROCESS SHOULD BE CONDUCTED OBJECTIVELY BASED ON

FAIR

RULES AND PROCESSES

* CLOSELY MONITORING THE SITUATION "WITH SERIOUS CONCERN"

* WE URGE THE U.S. GOVERNMENT TO PROCEED WITH THE CFIUS

REVIEW

WITH RIGOR AND IMPARTIALITY

Source text

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