A U.S. Representative from Iowa says the Ocean Shipping Reform Act, signed into law by President Biden, will help combat supply chain challenges.
Democrat Cindy Axne tells Brownfield, “We had private carriers coming over – for the most part – from Asia, hauling their goods over here, leaving them at port where we were struggling to get our goods out, and not taking our goods because they made more money by high-tailing it back across the ocean with an empty container.”
Axne says the legislation protects American consumers and companies from 300-percent price increases foreign-owned companies have been charging to import goods.