Section 1 Short title
This Act may be cited as the “Noncontiguous Shipping Reasonable Rate Act of 2024”.
Noncontiguous Shipping Reasonable Rate Act of 2024
A BILL
To provide a definition of reasonable rate for noncontiguous domestic ocean trade, and for other purposes.
Sec. 2 Noncontiguous domestic ocean trade
Section 13701(d) of title 49, United States Code, is amended by striking paragraph (1) and inserting the following new paragraph:
“(1) In general—For purposes of this section, a rate is reasonable if such rate is within 10 percent of a rate set by a comparable international ocean rate index recognized by the Federal Maritime Commission.”