{"id":1521220,"date":"2022-06-17T18:20:09","date_gmt":"2022-06-17T22:20:09","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1521220"},"modified":"2022-06-17T18:20:32","modified_gmt":"2022-06-17T22:20:32","slug":"biden-signs-ocean-shipping-bill-in-bid","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-signs-ocean-shipping-bill-in-bid\/","title":{"rendered":"Biden signs ocean shipping bill in bid"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-signs-ocean-shipping-bill-in-bid%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1521220&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2722483\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2722483\" class=\"size-full wp-image-2722483\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/AP22167709035920-scaled.jpg\" alt=\"President Joe Biden signs the Ocean Shipping Reform Act in the State Dining Room of the White House, Thursday, June 16, 2022, in Washington. (AP Photo\/Evan Vucci)\" width=\"2560\" height=\"1707\" \/><\/p>\n<p id=\"caption-attachment-2722483\" class=\"wp-caption-text\">President Joe Biden signs the Ocean Shipping Reform Act in the State Dining Room of the White House, Thursday, June 16, 2022, in Washington. (AP Photo\/Evan Vucci)<\/p>\n<\/div>\n<h5>OAN NEWSROOM<br \/>UPDATED 3:05 PM PT \u2013 Friday, June 17 2022<\/h5>\n<p>President Joe Biden signed a legislation to improve the oversight of ocean shipping. The \u201cOcean Shipping Reform Act\u201d was signed Thursday. It is designed to help curb inflation, ease shipping back-logs and lower costs for American families. The bill prohibits ocean carriers from refusing to carry US exports.<\/p>\n<blockquote>\n<p><strong>\u201cThis bill is going to help bring down inflation at least marginally for farmers and businesses all across America,\u201d said Biden.<\/strong><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Ocean Shipping Reform Act of 2022 is an example of what government looks like when we work together across the aisle to solve the real problems facing families.<\/p>\n<p>I&#8217;m proud to have signed the bill to bring down costs for American businesses and the families that rely on them. <a href=\"https:\/\/t.co\/OLUXVggZxu\">pic.twitter.com\/OLUXVggZxu<\/a><\/p>\n<p>\u2014 President Biden (@POTUS) <a href=\"https:\/\/twitter.com\/POTUS\/status\/1537865163122016260?ref_src=twsrc%5Etfw\">June 17, 2022<\/a><\/p>\n<\/blockquote>\n<p>The bill also gives the Federal Maritime Commission the authority to investigate late fees charged by ocean carriers and terminals, which in turn are passed on to consumers and added to inflation. Extra fees for transporting countless products are a hidden and a large source of inflation controlled by ocean carriers.<\/p>\n<blockquote>\n<p><strong>\u201cDuring the pandemic, these carriers increased their prices by as much as 1,000%, 1,000%,\u201d Biden voiced. \u201cWhile families and businesses struggled around the world, these carriers made $190 billion in profit in 2021. Seven times higher than the year before.\u201d<\/strong><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The vast majority of global ocean shipping is controlled by nine major companies.<\/p>\n<p>Nine.<\/p>\n<p>During the pandemic, these carriers increased their prices as much as 1,000% \u2014 the bipartisan Ocean Shipping Reform Act of 2022 allows us to crack down on those excessive hikes.<\/p>\n<p>\u2014 President Biden (@POTUS) <a href=\"https:\/\/twitter.com\/POTUS\/status\/1537555167905726465?ref_src=twsrc%5Etfw\">June 16, 2022<\/a><\/p>\n<\/blockquote>\n<p>The law also requires carriers to provide quarterly updates of imports, exports and empty export containers. The provision comes in the wake of a recent CNBC report that showed ocean carriers denying US exports, but sending empty containers back to china to be filled with their goods.<\/p>\n<h4>MORE NEWS:\u00a0<a href=\"https:\/\/www.oann.com\/fda-approves-pfizer-moderna-covid-19-vaccines-for-children-as-young-as-6-months\/\">FDA Approves Pfizer, Moderna COVID-19 Vaccines For Children As Young As 6 Months<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden signs the Ocean Shipping Reform Act in the State Dining Room of the White House, Thursday, June 16, 2022, in Washington. (AP Photo\/Evan Vucci) OAN NEWSROOMUPDATED 3:05 PM PT \u2013 Friday, June 17 2022 President Joe Biden signed a legislation to improve the oversight of ocean shipping. The \u201cOcean Shipping Reform Act\u201d &hellip;<\/p>\n","protected":false},"author":764,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1521220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1521220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/764"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1521220"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1521220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1521220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1521220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1521220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}