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Ocean Shipping Reform: Increased Competition and Protection Against Unfair Practices

This act aims to boost competition in ocean shipping, potentially leading to lower freight costs. It introduces new tools to combat unfair practices by carriers, providing greater opportunities to seek damages. This could positively impact the prices of imported goods and support the growth of exports for citizens.
Key points
Increased Competition: The act aims to ensure a more efficient and competitive system for the common carriage of goods by water, potentially lowering transport costs.
Protection Against Unfair Practices: It introduces the possibility of recovering three times the damages sustained, plus legal costs including attorney's fees, in cases of unfair practices by ocean carriers.
Expanded Agency Powers: The Department of Justice's Antitrust Division gains new powers to intervene in cases involving anti-competitive practices in ocean shipping.
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Status:
Expired
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Additional Information
Print number: 117_S_3586
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2022-02-03