Democrat senators press Commerce Secretary Lutnick on conflict of interest concerns in USA Rare Earth deal

Democrat senators press Commerce Secretary Lutnick on conflict of interest concerns in USA Rare Earth deal

Senators Elizabeth Warren, Chris Van Hollen and Ron Wyden are pressing Commerce Secretary Howard Lutnick for more information on the USA Rare Earth deal.

US Senators Question Commerce Secretary Over $1.6 Billion Rare Earth Deal

Washington: Democratic Senators have questioned US Commerce Secretary Howard Lutnick over a $1.6 billion rare-earth minerals deal, warning that the arrangement could benefit his immediate family and his former firm, Cantor Fitzgerald. In a February 25 letter, Senators Elizabeth Warren, Ron Wyden, and Chris Van Hollen said the agreement brokered by the Department of Commerce with USA Rare Earth, Inc. (USAR) “could enrich your immediate family.” “…