FMC Provides Ocean Shipping Reform Update

The U.S. Federal Maritime Commission met in an open session meeting this week to provide an update on the implementation of the Ocean Shipping Reform Act of 2022 (OSRA) and a briefing on economic and industry trends.

The OSRA was signed into law by President Biden last June giving the FMC the greater authority to regulate container shipping. The law contains a laundry list of provisions that the agency must complete, included with timelines, intended to help solve challenges in the nation’s supply chains.

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