President signs Ocean Shipping Reform Act into law

President Joe Biden yesterday signed the Ocean Shipping Reform Act of 2022 (OSRA) into law. As we reported when the measure was passed, the legislation expands the authority of the Federal Maritime Commission (FMC) in a number of ways.

President Biden, who in no fan of the major ocean carriers, turned his attention to them again in remarks made at the signing ceremony,

“Nine major shipping companies consolidated into three alliances control the vast majority of ocean shipping in the world and...

https://www.marinelog.com/legal-safety/legislation/president-signs-ocean-shipping-reform-act-into-law/

Viewpoint: Congress passes ocean shipping reform

Trucks line up to enter Port of Los Angeles

On Monday, the House of Representatives voted 369-42 to pass the Ocean Shipping Reform Act. The bicameral legislation – which unanimously passed the U.S. Senate in March 2022 – will now head to President Biden’s desk for final approval.

Following the Congressional vote, the president released a statement saying he looked forward to signing the bill into law. His support is no surprise – in his State of the Union Address, President Biden called on Congress to address unreasonable ocean shipping...

https://www.freightwaves.com/news/viewpoint-congress-passes-ocean-shipping-reform

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