Rep. Sykes, Congressional Labor Caucus Lead Bipartisan Call For Comprehensive Review of U.S. Steel Acquisition
WASHINGTON, D.C. – Yesterday, U.S. Representative Emilia Sykes (OH-13) led a letter with Congressional Labor Caucus Co-Chairs Representatives Mark Pocan (WI-02), Donald Norcross (NJ-01), Debbie Dingell (MI-06), and Steven Horsford (NV-04) and 45 bipartisan Members of Congress urging the Biden Administration to ensure a comprehensive regulatory review of Nippon Steel’s acquisition of U.S. Steel.
“The American steel industry supports tens of thousands of steelworkers across the country, including hundreds here in Ohio. The proposed acquisition of U.S. Steel by Nippon Steel raises questions that must be answered, especially given the reports that neither U.S. Steel nor Nippon Steel consulted the United Steelworkers, the union representing the U.S. Steel workforce, in the lead up to their announcement,” said Rep. Sykes. “Ensuring the long-term viability of those good-paying jobs – and the communities that our steelworkers support – is a top priority. I’m proud to lead this bipartisan effort with the Congressional Labor Caucus to hold the Biden Administration to its promise to ‘serious[ly] scrutinize’ this proposed acquisition during the required regulatory review. We must ensure that our steelworkers, their interests, and our national security and economic interests are at the heart of any finalized acquisition deal.”
The letter also raises the implications of the acquisition for U.S. national security and domestic steel production capabilities, and it expresses support for National Economic Council Director Lael Brainard’s comment that this acquisition “appears to deserve serious scrutiny.”
The letter was signed by 53 bipartisan Members of Congress, including: Reps. Don Bacon, Brendan Boyle, Shontel Brown, Nikki Budzinski, Cori Bush, Yadira Caraveo, André Carson, Troy Carter, Greg Casar, Sean Casten, Angie Craig, Donald Davis, Chris Deluzio, Mark DeSaulnier, Debbie Dingell, Dwight Evans, Brian Fitzpatrick, John Garamendi, Dan Goldman, Steven Horsford, Chrissy Houlahan, Val Hoyle, Jonathan Jackson, Marcy Kaptur, Ro Khanna, Daniel Kildee, Greg Landsman, Barbara Lee, Summer Lee, Ted Lieu, Stephen Lynch, Seth Magaziner, Morgan McGarvey, James McGovern, Frank Mrvan, Jarrold Nadler, Donald Norcross, Eleanor Holmes Norton, Alexandria Ocasio-Cortez, Chris Pappas, Mark Pocan, Katie Porter, Linda Sánchez, Mary Gay Scanlon, Jan Schakowsky, Adam Schiff, Elissa Slotkin, Haley Stevens, Paul Tonko, Lori Trahan, Bonnie Watson Coleman, and Susan Wild.
A full copy of the letter can be found here.