HR 299
Noncontiguous Shipping Reasonable Rate Act of 2021
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Bill overview
This bill aims to establish a clearer definition of what constitutes a ‘reasonable’ shipping rate for goods traveling between the United States and its territories (noncontiguous states). Specifically, it states that a shipping rate is considered reasonable if it falls within 10% of a rate established by a recognized international ocean rate index maintained by the Federal Maritime Commission. The goal is to prevent shipping companies from charging excessively high rates for these routes. This legislation seeks to ensure fair pricing for shippers operating in these trade lanes.
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