### Question
How is the "covered transaction" defined?


### Answer
The term **covered transaction** is defined in *APPENDIX U.S.C. § 2170* as follows -

> any merger, acquisition, or takeover that is proposed or pending after August 23, 1988, by or with any foreign person which could result in foreign control of any person engaged in interstate commerce in the United States

#### Citation:
  - *APPENDIX U.S.C. § 2170*
  - Heading: **DEFENSE PRODUCTION ACT OF 1950 > ACT SEPT. 8, 1950, CH. 932, 64 STAT. 798 > TITLE VII-GENERAL PROVISIONS**

