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Defining Reasonable Rates for Noncontiguous Domestic Ocean Shipping

This new bill aims to regulate the pricing of domestic ocean shipping, particularly for noncontiguous areas. It introduces a definition of a reasonable rate, linking it to international market prices. This could impact the cost of goods and services for residents in areas reliant on ocean transport.
Key points
The bill introduces a new definition for a reasonable rate in noncontiguous domestic ocean trade.
A rate is considered reasonable if it is within 10% of a comparable international ocean rate index.
These changes may affect the cost of goods imported to and exported from noncontiguous areas like Hawaii or U.S. territories.
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Additional Information
Print number: 118_HR_2587
Sponsor: Rep. Case, Ed [D-HI-1]
Process start date: 2023-04-13