All structured data from the file namespace is available under the Creative Commons CC0 License; all unstructured text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. Ocean Shipping Reform Act of 2022 Summary. On June 16, 2022, President Joseph R. Biden signed into law the Ocean Shipping Reform Act of 2022 (OSRA), The Shipping Act of 1984 (1984 Act or Shipping Act), 46 U.S.C. Ocean Shipping Reform Act of 2022 Implementation. Summary: The FMC shall issue an information request seeking public comment as to whether supply chain congestion has created an emergency situation of SUMMARY OF S.3580 OCEAN SHIPPING REFORM ACT OF 2022 This bill revises requirements governing ocean shipping to increase the authority of the Federal Bills numbers restart every two years. OSRA 2022 is a bipartisan bill introduced by Senator Amy Klobuchar (D-MN) and Senator John Thune (R-SD) and drafted in response to alleged ocean carrier unfair practices sets forth requirements for operating a shipping exchange involving ocean transportation in the foreign commerce of the United States; requires ocean common carriers Total Views: 3059 . This act revises requirements governing ocean shipping to increase the authority of the Federal Maritime Commission (FMC) to Summary. sets forth requirements for operating a shipping exchange involving ocean transportation in the foreign commerce of the United States; requires ocean common carriers CBO expects that about $7.0 billion will be spent over the 2022-2032 period under current law. . This page was last edited on 18 June 2022, at 14:21. The Ocean Shipping Reform Act of 2022 (the Act) was signed by President Biden on Thursday, June 16, 2022. Public Law No: 117-146 (06/16/2022) Ocean Shipping Reform Act of 2022. The bipartisan Ocean Shipping Reform Act of 2022 aims to level the playing field for American exporters and importers by providing the Federal Maritime Commission (FMC) President Joe Biden has signed into law the S. 3580, the Ocean Shipping Reform Act of 2022, marking the first major change to federal regulations for. A one-page explainer of the Ocean Shipping Reform Act and a list of bill supporters is available HERE. (Photo: Port of LA) American shippers and the lawmakers supporting them were ecstatic that the Ocean Shipping Reform Act of 2022 (OSRA) passed less than a year after it was introduced in Congress. This is the one from the 117 th Congress. It was developed and issued as a decree to alleviate problematic measures by ocean The bill text is available HERE. This act revises requirements governing ocean shipping to increase the authority of the Federal On June 16, 2022, President Biden signed into law the Ocean Shipping Reform Act (OSRA), bipartisan legislation aimed at providing relief to U.S. importers, exporters, freight carriers, port operators and other companies experiencing sharp spikes in shipping costs and supply chain disruptions since the beginning of the COVID-19 pandemic.. A focal point of the This bill revises requirements governing ocean shipping to increase the authority of the Federal Maritime Commission (FMC) to 4996 is a bill in the United States Congress. H.R. Ocean Shipping Reform Act of 2022 Implementation. Ocean Shipping Reform Act of 2022. The protections afforded by this act are robust and will help the FMC address faulty practices and curb rising shipping costs. As previously advised to the trade, there is no phase-in period for this provision of law. L. 105-258, effective May 1, 1999. Sen. Cantwell chaired a hearing to examine the Ocean Shipping Reform bill on March 3, 2022. A bill to amend title 46, United States Code, with respect to prohibited acts by ocean common carriers or marine terminal On June 16, 2022, President Biden signed into law the Ocean Shipping Reform Act of 2022 (OSRA 22), the first major revision of US maritime regulatory statutes since 1998. On June 16, 2022, President Joseph R. Biden signed into law the Ocean Shipping Reform Act of 2022 (OSRA), OSRA 2022 is a bipartisan bill introduced by Senator Amy Klobuchar (D-MN) and Senator John Thune (R-SD) and drafted in response to alleged ocean carrier unfair practices and rising ocean shipping costs. ensure an efficient, competitive, and economical transportation system in the ocean commerce of the United States; ; (2) in paragraph (3), by inserting and supporting commerce before needs; and. S. 3580 Ocean Shipping Reform Act of 2022 The bipartisan Ocean Shipping Reform Act of 2022 aims to level the playing field for American exporters and importers by providing the June 16, 2022. Actions on S.3580 - 117th Congress (2021-2022): Ocean Shipping Reform Act of 2022 Eliminating the minimum cost requirement for planning grants would increase the number of The Ocean Shipping Reform Act of 2022 includes provisions that enhance the FMCs ability to address complaints of U.S. shippers regarding congestion and detention and demurrage charges. Not later than 3 years after the date of enactment of the Ocean Shipping Reform Act of 2022, the Commission shall issue regulations pursuant to subsection (a), which shall set standards necessary to carry out subtitle IV of this title for registered national shipping exchanges. This bill revises requirements governing ocean shipping to increase the authority of the Federal Maritime Commission (FMC) to President Biden signed The Ocean Shipping Reform Act of 2022 (OSRA) into law on June 16, 2022. Vessel-Operating Common Carriers (VOCCs) are required to comply with demurrage or detention billing practices established by the Ocean Shipping Reform Act of 2022 (PL 117-146). S. 3580: Ocean Shipping Reform Act of 2022. Ocean Shipping Reform Act of 2022. Many of the laws provisions direct the FMC The bipartisan Ocean Shipping Reform Act of 2022 aims to level the playing field for American exporters and importers by providing the Federal Maritime Commission (FMC) the tools it needs to improve oversight over international ocean carriers, which refer to international shipping lines, and crack down on rising shipping fees. Posted July 22, 2022. Container shipping reforms warrant immediate action by carriers, shippers. The Official U.S. Senate website of Senator Maria Cantwell of Washington Ocean Shipping Reform Act of 2022. Among the many benefits the legislation offers, here are five ways the Act will immediately impact the industry. CBOs Estimate of the Statutory Pay-As-You-Go Effects of S. 3580, the Ocean Shipping Reform Act of 2022. The Statutory Pay-As-You-Go Act of 2010 establishes budget-reporting and enforcement procedures for legislation affecting direct spending or revenues. Stops International Ocean Carriers from (Arbitrarily) Declining American Cargo. Files are available under licenses specified on their description page. app. Ocean Shipping Reform Act of 2022. 1. This act revises requirements governing ocean shipping to increase the authority of the Federal Maritime Commission (FMC) to The bipartisan Ocean Shipping Reform Act of 2022 will level the playing field for American exporters and importers by providing the FMC the tools it needs for effective 1701 et seq., was amended by the Ocean Shipping Reform Act of 1998, Pub. President Biden signed a bill into law that aims to reduce shipping costs and lessen the power of ocean carriers over importers, exporters, and consumers. Actions on S.3580 - 117th Congress (2021-2022): Ocean Shipping Reform Act of 2022 (3) by striking paragraph (4) and inserting the following: (4) promote the growth and development of United States exports. 4996. U.S. President Joe Biden signed the Ocean Shipping Reform Act of 2022 (OSRA-22) into law on June 16, 2022. That means there are other bills with the number H.R. The Ocean Shipping Reform Act, drafted in the aftermath of the COVID-19 Pandemic supply chain shutdowns, sought to counter these issues by enabling the Federal Maritime Commission (FMC) to take stronger action on behalf of the American shipping industry. A section-by-section summary of the bill is available HERE. June 13, 2022. Earlier this week, the U.S. House of Representatives approved the Ocean Shipping Reform Act of 2022 (OSRA 2022) in a 369-42 vote. The bipartisan Ocean Shipping Reform Act of 2022 aims to level the playing field for American exporters and importers by providing the Federal Maritime Commission (FMC) After passing the House yesterday, S. 3580, the Ocean Shipping Reform Act of 2022 (OSRA), is on its way to President Biden, who is no fan of the giant container alliances and is looking forward to signing it. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law. 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