Repealing Jones Act Restrictions on Domestic Maritime Shipping
This bill eliminates key restrictions on transporting goods between US ports, often referred to as the Jones Act, allowing foreign-built or foreign-owned vessels to engage in coastwise trade along US shores. The goal is to boost competition, potentially lowering shipping costs and consumer prices, especially in remote regions. All vessels must still meet strict US safety and security standards.
Key points
Removes limitations that required vessels engaged in domestic shipping to be US-built and US-owned.
Expected to increase competition in maritime transport, potentially leading to lower costs for goods and fuel for consumers.
Mandates that all vessels participating in coastwise trade must comply with US safety and security regulations.
Status:
Expired
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