US Senate Approves Bill to Ease Export Shipping Backlogs
The U.S. Senate on Thursday unanimously passed a bill to improve oversight of ocean shipping, a step supporters say will help ease export backlogs.
The Ocean Shipping Reform Act, led by Senators John Thune and Amy Klobuchar, would strengthen the investigatory authority of the Federal Maritime Commission (FMC), the U.S. agency that oversees ocean shipping, and boost transparency of industry practices.
Senate Majority Leader Chuck Schumer said the legislation "will reduce costs for the American people, by reforming unfair shipping practices hurting exports and consumers alike."
Schumer noted "supply chain backlogs have made it harder for goods to leave these ports and get to their international destination. Every single day that goods lie idle on our ports, it costs producers more and more money."
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