On December 24, Japan Steel announced that it had received a notification from the Committee on Foreign Investment in the United States (CFIUS) stating that the committee had not reached a consensus on Japan Steel's acquisition of United States Steel. The acquisition plan will be submitted to President Biden. Japan Steel expressed that if the U.S. side can conduct a 'fair assessment' based on the pros and cons of the trade, they believe the transaction should be approved. Japan Steel urged Biden to consider the measures the company has taken to address National Security concerns, as well as the significant commitments made to develop United States Steel and protect American jobs. The company has committed to invest $2.7 billion in some of United States Steel's aging plants. Biden has not formally blocked the acquisition, but the White House has reiterated his position that United States Steel should be owned by Americans and operate domestically.