### Question
What does covered transaction mean?


### Answer
**Covered transaction** has the following meaning in *APPENDIX U.S.C. § 2170*:

> 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**

