The Ocean Shipping Reform Act has been signed into law: so, now what?

Trade & Border IssuesHot Spots
Written By Jennifer Joslyn

The Ocean Shipping Reform Act of 2022 was signed into law by President Joe Biden last Thursday. The law proposed changes to the ocean shipping industry meant to alleviate the consistent port congestion, delays, and rising costs that have riddled the industry for two years now.

The bill is also meant to better combat consumer price inflation which achieved a 40-year high this month. The legislation has been celebrated by many shippers who hope to see progress in supply chain disruptions.

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Jennifer Joslyn
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