NRF Hails House Passage of Ocean Shipping Reform Act

The National Retail Federation cheered final House approval of the Ocean Shipping Reform Act, saying it would curb unfair business practices by ocean carriers. “Retailers and thousands of other businesses depend on the global maritime transportation system to move goods through the supply chain every day and continue to face significant challenges,” said David French, NRF senior vice president-government relations. Making OSRA federal law “helps address longstanding systemic supply chain and port disruption issues that existed well before the pandemic by providing the Federal Maritime Commission the additional authority it needs,” said French Monday. The measure also provides “critical updates to the international maritime transportation system, which has been severely impacted by COVID-19,” he said.