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The US House of Representatives passes the Maritime Reform Act to curb inflation and ease the backlog of export goods

2022-06-14

 

                     COSCO  SHIPPING

 

 

According to Reuters in Washington, the U.S. House of Representatives on the 13th local time passed the Shipping Reform Act aimed at improving maritime oversight. Supporters of the bill say it will help curb inflation and ease backlogs in exports.

 

 

According to reports, the House of Representatives passed the bill with 369 votes in favor and 42 votes against that day, and the bill will be sent to US President Biden for signature. The bill passed unanimously in the U.S. Senate in March.

 

 

Biden said later on June 13 that he looked forward to signing into law the Maritime Transportation Reform Act, which aims to ease delays in shipping.

 

 

The bill would strengthen the investigative powers of the Federal Maritime Commission (FMC), the report said. The Federal Maritime Commission is the U.S. agency responsible for overseeing shipping and promoting transparency in the conduct of the industry.

 

 

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