Will the Jones Act be amended or repealed to ease restrictions on cabotage within the US by 2032?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.
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