SLC Times

Senator Mike Lee has introduced two bills, the Open America’s Waters Act and the Protecting Access to American Products Act, to address the challenges posed by the Jones Act. The Jones Act, enacted in 1920, imposes stringent requirements on vessels engaged in domestic maritime trade, leading to significant costs and unintended consequences.

"The Open America’s Waters Act seeks to repeal the cabotage requirements of the Jones Act, allowing all vessels that meet U.S. legal standards to engage in domestic trade between U.S. ports," said Senator Lee. This legislation aims to enhance economic efficiency, reduce costs for American families, and promote a more dynamic maritime sector by fostering competition and reducing barriers to entry.

Regarding the Protecting Access to American Products Act, Senator Lee stated, "This provision would provide much-needed flexibility and ensure continued access to essential products, including liquefied natural gas (LNG), by establishing a framework for waiving certain Jones Act requirements under specified circumstances."

Senator Lee's efforts aim to address the root causes of rising prices and economic stagnation while fostering a more resilient and competitive maritime industry. By modernizing U.S. maritime policies and streamlining regulatory processes, these bills aim to unleash new opportunities for economic growth.