INVEST IN AMERICA WEEKLY ROUNDUP

  • Invest in America hosted a press call to highlight passage of the bipartisan Ocean Shipping Reform Act, an effort led by Rep. John Garamendi, as well as how the bill will make investments to fix supply-chain issues and lower the cost of goods. The call featured Rep. John Garamendi (D-CA), Rep. Jim Costa (D-CA) and Groundwork Collaborative’s Dr. Rakeen Mabud, with the speakers emphasizing the bipartisan bill’s ability to lower costs for families, small businesses, and farmers. Watch a recording here.
  • Invest in America released its “Beyond the Beltway” newsletter, a weekly highlight roundup of public investment projects in action. This week’s newsletter highlighted projects funded by the American Rescue Plan and Bipartisan Infrastructure Law in Wisconsin, Indiana, Kentucky, Florida, and Louisiana, featuring major investments in community services, broadband, rail infrastructure, and road maintenance.

  • Invest in America Action applauded President Biden’s speech at the AFL-CIO, which highlighted how America can strengthen working class families, and lead a jobs revolution through investments in clean energy and public works. The statement also emphasized the success of Biden’s economic recovery and the urgent need for Congress to lower costs for American workers and families.
INVEST IN AMERICA COVERAGE

The Business Journal: Rep. Costa promotes shipping act as it nears final vote

Rep. Jim Costa (D-Fresno) hosted a virtual news conference Tuesday to promote the Ocean Shipping Reform Act — aimed at bringing relief to sticker-shocked U.S. consumers. Approved by the Senate in March, H.R.4996 is expected to pass the House Tuesday night and head to President Biden’s desk for signature. The bill revises provisions related to ocean shipping policies and is designed to support the growth and development of U.S. exports and promote reciprocal trade, proponents say. The bill would expand safeguards to combat retaliation and deter unfair business practices, clarify prohibited carrier practices related to detention and demurrage charges, establish a shipping exchange through the Federal Maritime Commission (FMC) and expand penalty authority to include refund of charges.

FarmProgress: Ocean Shipping Reform Act heads to President

After nearly a year since first introduced, on Monday night the House passed by a vote of 369 to 42 the Senate’s version of the Ocean Shipping Reform Act, drawing widespread praise from agricultural groups who have seen ag exports drop by an estimated $25 billion over the last six months due to shipping constraints. “During the pandemic, ocean carriers increased their prices by as much as 1,000%. And, too often, these ocean carriers are refusing to take American exports back to Asia, leaving with empty containers instead. That’s costing farmers and ranchers—and our economy—a lot of money,” says President Joe Biden in a statement following the vote. “This bill will make progress reducing costs for families and ensuring fair treatment for American businesses—including farmers and ranchers. I look forward to signing it into law.”

KFBK: Sacramento Radio, 6/15/2022 5:19 PM

Sacramento well we’ve all noticed the hike in the price of goods will a legislative effort to combat that. By lowering transportation costs, is now on the way to the president’s desk the ocean shipping reform act passed the House last night with an overwhelming bipartisan vote, it was 369 to 42 and aims to crack down on exorbitant fees charged by International shipping companies. Representative John Garamendi, one of the authors of the Bill “it was exactly one year ago that the issue came to us that the California exporters simply couldn’t get a container…”

KFBK: Sacramento Radio, 6/15/2022 6:49 PM

Sacramento well we’ve all noticed the hike in the price of goods will a legislative effort to combat that. By lowering transportation costs, is now on the way to the president’s desk the ocean shipping reform act passed the House last night with an overwhelming bipartisan vote, it was 369 to 42 and aims to crack down on exorbitant fees charged by International shipping companies. Representative John Garamendi, one of the authors of the Bill “it was exactly one year ago that the issue came to us that the California exporters simply couldn’t get a container…”

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