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CATO Institute issues Jones Act Reform/Repeal Policy Report

from PGANE and CATO Institute

The Cato Institute seeks to raise awareness about the Jones Act and lay the groundwork for the repeal or reform of this outdated law. June 28th the CATO Institute released their Policy Report.

Since 1920 the Jones Act has mandated that the sea transport of cargo between U.S. ports must be performed by vessels that are U.S.-built, U.S.-owned, U.S. flagged, and U.S.-crewed. Justified on national security grounds, the law was meant to ensure a strong maritime sector to bolster U.S. capabilities in times of war or national emergency. These envisioned benefits, however, have proved illusory while the Jones Act has imposed a very real and ongoing economic burden. Despite this, the law survives thanks to well-connected supporters and ignorance of the Jones Act and its costs by the general public.

The Cato Institute aims to shake up this status quo by shining a spotlight on the Jones Act's myriad negative impacts and exposing its alleged benefits as entirely hollow. By systematically laying bare the truth about this nearly 100 year old failed law, the Cato Institute Project on Jones Act Reform is meant to raise public awareness and lay the groundwork for its repeal or reform. more


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