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Citing China, House lawmakers push FMC to start shipping exchange rulemaking 

February 1, 2024 at 5:18 PM
The lead House sponsors of the Ocean Shipping Reform Act and a dozen other House lawmakers on Thursday urged the Federal Maritime Commission to quickly begin forging a new rule on shipping exchanges to prevent China from manipulating the global shipping market. House Transportation and Infrastructure Committee members Dusty Johnson (R-SD) and John Garamendi (D-CA) co-authored the Ocean Shipping Reform Act of 2022, signed into law by President Biden that June. The OSRA expanded the FMC’s rulemaking and enforcement ability...

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