Time to Reform the Jones Act?
February 26, 2018
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1:03:34Now PlayingTime to Reform the Jones Act?
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as posted by the channelSection 27 of the Merchant Marine Act of 1920, colloquially known as the Jones Act, requires that shipments between two U.S. ports be on U.S.-built, U.S.-manned, and U.S.-owned vessels. Because of the Jones Act, it is often more expensive to ship supplies between U.S. ports than it is to ship supplies abroad. The Act is often justified as a boost to U.S. shipbuilding and naval preparedness.
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