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Sunday, June 19, 2022

Ocean Shipping Review Act

We formerly dealt with much ocean shipping, examining. 

Retailers applaud as Ocean Shipping Reform Act sails through Congress

By George Anderson in Retailwire

The House of Representatives on Monday, following an earlier vote by the Senate, approved legislation that retailers believe will help reign in ocean carriers who have used the coronavirus pandemic as a rational to jack up rates to transport goods to the U.S.

The bill, known as the Ocean Shipping Reform Act of 2022 (OSRA)  , passed in a vote of 369 to 42. It seeks to improve oversight of ocean shipping practices by granting more investigative authority to the Federal Maritime Commission (FMC), providing greater clarity on prohibited business practices and giving the FMC the authority to order refunds.  ... ' 

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