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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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Expired
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Additional Information
Print number: 117_S_3586
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2022-02-03
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Ocean Shipping Competition Reform Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3586.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-02-03.

What are the main provisions?

Key points include:

  • 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.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Klobuchar, Amy [D-MN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Transport Economy Courts and Law