Ocean Shipping Competition Reform Act of 2022
A BILL
To amend title 46 of the United States Code with respect to anti-competitive acts by ocean common carriers or marine terminal operators, and for other purposes.
Sec. 2 Purposes
“(2) ensure an efficient and competitive transportation system for the common carriage of goods by water in the foreign commerce of the United States that is, as far as possible, in harmony with fair and equitable international shipping practices; and
“(3) support the growth and development of United States exports through a competitive and efficient system for the common carriage of goods by water in the foreign commerce of the United States and by placing a greater reliance on the marketplace.”
Sec. 3 Remedies
“(C) punitive damages in an amount equal to 3 times the damages sustained, and the cost of bringing the suit, including a reasonable attorney’s fee; and
“(D) upon a motion by the Commission or the Antitrust Division (as the case may be), or an intervening party, that is promptly made, simple interest on actual damages for the period beginning on the date of service of the pleading by the Commission or the Antitrust Division (as the case may be) that sets forth a claim under this subsection and ending on the date of judgment, or for any shorter period therein, if the court finds that the award of such interest for such period is just in the circumstances.”
“(5) Third party intervention—The court may allow a third party to intervene in a civil action brought under this subsection.”