In exchange for pleading guilty to fraud, Boeing would be fined, promise to make safety improvements, and be placed under a three-year probationary period.
In June, it was reported that the U.K. government was withholding the approval of a $253 million loan guarantee promised in order to shore up the shipbuilder's finances.
Boeing will have until July 5 to decide whether to plead guilty to the charges, the department told the families of victims of two fatal 737 Max crashes and their attorneys in a meeting June 30.
Six senators sent the Biden administration a letter asking what steps were being taken to ensure that imports of the oil, known as UCO, do not contain virgin vegetable oil.