TGA Victory! House Approves Shipping Reform, President Biden Expected to Sign into Law Today
On June 13, the U.S. House of Representatives approved the TGA-supported Ocean Shipping Reform Act of 2022 (S. 3580) by a vote of 369-42. The legislation now goes to President Biden, who is expected to sign the bill into law today, June 16. This bipartisan bill will strengthen the overseas supply chain and ensure fairness in the global ocean shipping industry by bolstering the Federal Maritime Commission (FMC), the U.S. government agency that oversees ocean carriers, and requiring the FMC establish and enforce rules to prevent excessive and unjust detention and demurrage fees and stop refusal/denial of service. These commonsense reforms will be instrumental in combatting the current shipping crisis and preventing the next shipping crisis.