Here’s how the Ocean Reform Act addresses the supply chain and price spikes.
To address these challenges, the Ocean Reform Act largely puts the impetus on the US Federal Maritime Commission , the agency tasked with regulating container ships going in and out of the country, giving it a suite of new responsibilities and tasks to make those changes happen. Under the new legislation, the FMC will have enhanced authority to investigate and regulate ocean carriers’ business practices and address any infringements.
The FMC is now directed to draft new rules regarding “unreasonable” declinations of US cargo, as well, addressing companies that have been
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