HR 5499
Noncontiguous Shipping Reasonable Rate Act of 2019
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to establish a clear standard for what constitutes a ‘reasonable’ shipping rate for goods traveling between the United States and its territories (noncontiguous states). Specifically, it defines a reasonable rate as one that is within 10% of a comparable rate found in international ocean shipping indices, as recognized by the Federal Maritime Commission. The bill seeks to provide more transparency and predictability in shipping costs for businesses operating in these trade lanes. It updates existing law to incorporate this new definition.
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