New law will crack down on foreign-owned carriers’ unfair shipping price hikes, strengthen maritime supply chain and reduce costs for consumers
U.S. Senator Maria Cantwell (D-Wash.), Chair of the Committee on Commerce, Science and Transportation, today joined President Biden and several colleagues at the White House to celebrate the signing of the Ocean Shipping Reform Act into law. The law will crack down on skyrocketing international ocean shipping costs and ease supply chain backlogs that are raising prices for consumers and making it harder for U.S. farmers and exporters to get their goods to the global market. Sen. Cantwell worked to quickly shepherd the bill successfully through the Committee and helped to secure passage by the Senate.