Veronique de Rugy: Veronique de Rugy critiques the Merchant Marine Act of 1920, commonly known as the Jones Act, which requires cargo moved between American ports to be transported on ships that are US-built, US-owned, and US-crewed. Originally intended t

Season 8 Episode 1263  ·  Aug 14, 12:36 AM
Subscribe

Veronique de Rugy: Veronique de Rugy critiques the Merchant Marine Act of 1920, commonly known as the Jones Act, which requires cargo moved between American ports to be transported on ships that are US-built, US-owned, and US-crewed. Originally intended to protect the American merchant marine after World War I, the act has instead caused domestic shipbuilding costs to skyrocket, making American vessels four to five times more expensive than those built in Asia. Consequently, the US fleet has dwindled, and consumers face higher prices for goods as transportation shifts to more polluting methods such as trucking. Despite its failure to achieve its stated goals, the act is sustained by special interests, including unions and specific shipyards, which exert significant political influence. Current efforts to maintain waivers for energy and fertilizer transportation are facing strong opposition from 52 House Republicans. (3)