Originally Posted by
ChinaDenver
Correct. Congress would have to pass the legislation and appropriate the money. Pres doesn't have the unilateral authority in this particular situation (Intel was different and so was the rare earth deal). Moreover, it appears that it's Spirit's bond holders who are refusing to be subordinate to the gov't in terms of debt repayment. Congress won't even consider anything unless the gov't has the primary position.
Congress has shown it’s been more than willing to let the administration take the lead when it’s politically convenient so they can keep their insider trading and then go saber rattle on X.
If the administration really wanted to push something like this, I wouldn’t bet on Congress being the limiting factor. More likely you’d see some obscure statute dusted off and stretched to fit, then the whole thing gets kicked to the courts to sort out afterward.