U.S. shipping companies would receive subsidies to retire tankers and other vessels that are 20 to 25 years old and replace them with ships built in U.S. shipyards.
Reform is necessary. Repeal would be strategic malpractice.
The next U.S. president will be faced with a stark choice – whether or not to rebuild what was once a vital commercial merchant marine fleet to support U.S. trade interests around the globe and buttress U.S. military operations when needed.
By renewing their support for the Merchant Marine Act of 1920, more commonly known as the Jones Act, Congress can bolster our economic and national security.
