House Approves TGA-Supported Legislation to Address the Shipping Crisis

On December 8, the U.S. House of Representatives approved the TGA-supported Ocean Shipping Reform Act of 2021 (H.R. 4996). The legislation, if approved by the Senate, would require the Federal Maritime Commission (FMC) to establish/enforce rules that would prevent the next shipping crisis, including minimum service requirements for carriers, as well as rules barring contract breaches and excessive and unjust detention and demurrage fees.