Letter From the President to United States Steel Corporation Senior Vice President, General Counsel and Secretary Scot Duncan

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Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.

Published

November 25, 2025

Signed

November 20, 2025

Issuing agencies

Executive Office of the President

Full Text

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<title>Federal Register, Volume 90 Issue 225 (Tuesday, November 25, 2025)</title>
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[Federal Register Volume 90, Number 225 (Tuesday, November 25, 2025)]
[Presidential Documents]
[Pages 54223-54224]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-21204]




                        Presidential Documents 



Federal Register / Vol. 90 , No. 225 / Tuesday, November 25, 2025 / 
Presidential Documents

[[Page 54223]]


                Letter of November 20, 2025

                
Letter From the President to United States Steel 
                Corporation Senior Vice President, General Counsel and 
                Secretary Scot Duncan



                Mr. Scot Duncan

                Senior Vice President, General Counsel and Secretary

                United States Steel Corporation

                Corporate Headquarters

                600 Grant Street

                Pittsburgh, Pennsylvania 15219

                Dear Mr. Duncan:

                American national security depends on the continued 
                operation of the United States Steel Corporation (U.S. 
                Steel) and its various United States production 
                facilities. I, President Donald J. Trump, hold the 
                Class G Preferred Stock (Golden Share) in U.S. Steel, 
                pursuant to the National Security Agreement (Agreement) 
                between the United States Government, Nippon Steel 
                Corporation, and U.S. Steel. The Golden Share provides 
                the President with the ability to oversee U.S. Steel's 
                activities and to ensure the company continues 
                operating its United States-based production 
                facilities.

                The United States Government must closely monitor U.S. 
                Steel and its compliance with the Agreement. 
                Accordingly, I designate the Under Secretary of 
                Commerce for International Trade, William Kimmitt, as 
                my designee, to exercise the authorities enumerated in 
                Article IV(B) Section 7 of the Sixth Amended and 
                Restated Certificate of Incorporation of the United 
                States Steel Corporation. Further, I am exercising my 
                exclusive right as the holder of the Golden Share to 
                appoint and elect one director of U.S. Steel (Class G 
                Director) pursuant to Article IV(B) Section 4 of the 
                Sixth Amended and Restated Certificate of Incorporation 
                of the United States Steel Corporation.

[[Page 54224]]

                I hereby appoint and elect the Chief Counsel of the 
                Department of Commerce's Investment Accelerator, David 
                Shapiro, as the United States Government's Class G 
                Director. Unless I direct otherwise, these designations 
                shall last for as long as Under Secretary Kimmitt and 
                Mr. Shapiro are employees of the United States 
                Government.

                Sincerely,
                <GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT>
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    Washington, November 20, 2025

[FR Doc. 2025-21204
Filed 11-24-25; 11:15 am]
Billing code 3395-F4-P


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