1 Day
Source:
Los Angeles Times
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Americans gain relief from costly law
The article discusses the long-standing Jones Act, which requires ships moving cargo between U.S. ports to be American-built, owned, and crewed. Originally enacted for national security, it has led to a decline in U.S. shipbuilding and increased shipping costs. Recent waivers temporarily eased restrictions on energy shipments, revealing that removing such barriers allows market resources to be directed where needed and highlights the act's economic inefficiencies. Despite benefits to a few industries and groups, the law mostly burdens consumers and taxpayers, with lobbying efforts strongly defending it.
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