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Defining Reasonable Rates for Noncontiguous Domestic Ocean Shipping

This act aims to ensure fair pricing for domestic ocean shipping, especially to non-contiguous territories. It defines a reasonable rate as being within 10% of a comparable international ocean rate index. This could impact the cost of goods and services for residents in these areas.
Key points
The act introduces a new definition for 'reasonable rate' in domestic ocean trade.
A rate is considered reasonable if it is within 10% of a comparable international ocean rate index.
The goal is to prevent price gouging for shipping to non-contiguous areas, potentially lowering living costs.
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Additional Information
Print number: 117_HR_299
Sponsor: Rep. Case, Ed [D-HI-1]
Process start date: 2021-01-13