New Bill May Offer Relief for Supply Chain Disruptions (.PDF Download)

A new bipartisan bill that’s already been passed by the House and that is now being reviewed by the Senate could bring some much-needed relief for organizations that spent much of 2021 grappling with ongoing supply chain disruptions and transportation snarls.

The Ocean Shipping Reform Act of 2021 (H.R. 4996), revises provisions related to ocean shipping policies and was introduced to help support the growth and development of U.S. exports and promote reciprocal trade. Introduced by Reps. John Garamendi (D-Cal.) and Dusty Johnson (R-S.D.), the bill sets forth requirements for operating a shipping exchange involving ocean transportation in the foreign commerce of the U.S.