House Democrat Raises Conflict Concerns Over Commerce’s $1.58 Billion USA Rare Earth Arrangement
Representative Zoe Lofgren has accused Commerce Secretary Howard Lutnick of arranging a $1.58 billion proposed investment in USA Rare Earth in a manner that could give the federal government lasting leverage over the company while benefiting a family-run investment firm tied to Lutnick. In a 10-page letter, Lofgren highlighted provisions that would…