Ocean Shipping Reform Act

The Ocean Shipping Reform Act is a U.S. law that aims to improve the regulation of international shipping companies that transport goods by sea. It seeks to ensure fairer practices, prevent shipping delays, and promote competition. The act gives the government tools to address issues like excessive freight charges and unfair treatment of American exporters and importers. Overall, it strives to create a more transparent, efficient, and balanced shipping industry to benefit U.S. commerce and consumers.