According to a document sent to the White House on Monday, Japan Iron and Steel proposed that the U.S. government should have veto power over any capacity reductions of United States Steel, as a final effort to gain President Biden's approval for the acquisition of United States Steel. This proposal aims to appease the Committee on Foreign Investment in the United States (CFIUS), which has warned that the acquisition could pose risks to United States National Security. Two government officials and one industry executive stated that as the White House review continues, government officials are considering a way to leave the final decision to the incoming Trump administration. Biden faces a deadline of January 7 to make a final decision; this official indicated that Biden might approve the acquisition on the condition of meeting additional requirements, such as preserving U.S. jobs. In the new proposal, Japan Iron and Steel offers a 10-year guarantee that there will be no reduction in the capacity of United States Steel's plants in Pennsylvania, Indiana, Alabama, Texas, California, and Arkansas without the approval of a review panel led by the Treasury Department. In addition to its existing commitments, Japan Iron and Steel would also need to invest an additional 'billions of dollars.'