Update on the Ocean Shipping Reform Act
Ocean Shipping Reform Act (OSRA) Introduced in Senate, Advances Again in House
Congressional Momentum Continues for Broad-Based Shipping Reform
Yesterday afternoon, Sens. Amy Klobuchar (D-MN) and John Thune (R-SD), joined by 12 Senate co-sponsors, introduced the Senate companion to the House-passed Ocean Shipping Reform Act of 2021 (OSRA), H.R. 4996 , which would improve fairness, establish boundaries and set metrics for fees often incurred by the household goods and global shipping community.
While the Senate version differs slightly from the House bill, sections on detention and demurrage fees, and their application through the U.S. Federal Maritime Commission's Final Interpretive Rule (FIR) remain a centerpiece of both bills. This continued bipartisan show of support in the House follows the earlier endorsement of the legislation by the Biden Administration. As part of Senator Klobuchar's introduction, IAM and other industry supporters were highlighted in the press release, which outlines the measures the legislation would take.
This week, IAM also contacted dozens of House offices, encouraging their YES votes on the House version of OSRA, which was incorporated into an amendment as part of the America COMPETES Act. The amendment received overwhelming support, passing by a 367 to 59 margin. The House COMPETES Act (alongside approved amendments) is scheduled for a final vote in the House later today.
IAM will continue its ongoing support and efforts for both bills, as the legislative process continues into the spring. For more information or if you have any questions, please contact Bryan Vickers (703-403-2882, firstname.lastname@example.org) with IAM's Government and Regulatory Affairs Team.