Will the Jones Act be amended or repealed to ease restrictions on cabotage within the US by 2032?
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The Jones Act, a federal law enacted in 1920, mandates that goods transported between U.S. ports be carried on ships that are American-built, -owned, and -crewed.
- Such a change would be motivated by cost reductions in domestic shipping, increased competition, and enhanced efficiency in the logistics and transportation sectors.
- Additionally, broader economic policies aimed at reindustrialization, onshoring and revitalization of the rust belt could influence the legislative landscape concerning the Jones Act.