Strengthening US Arctic Presence: Shipping, Trade, and Infrastructure
This act aims to bolster the United States' presence in the Arctic region. It focuses on improving maritime access, fostering trade, and developing essential infrastructure. Citizens may experience impacts through enhanced security, new economic opportunities, and better transportation links in Arctic areas.
Key points
Establishment of an Arctic shipping advisory committee, potentially streamlining the transport of goods and people in the region.
Strengthening Navy and Coast Guard presence in the Arctic, enhancing security and emergency response capabilities.
Expanding investments in Arctic countries, including critical mineral extraction, which could create new jobs and business opportunities.
Deepening partnership with Iceland, including a potential free trade agreement, which may facilitate travel and commerce.
Amending deepwater port laws to allow hydrogen export, potentially impacting the development of new energy sources.
Expired
Additional Information
Print number: 117_S_4736
Sponsor: Sen. Murkowski, Lisa [R-AK]
Process start date: 2022-08-02