October 24, 2018
Passed in 1920, the Jones Act was meant to ensure a strong U.S. merchant marine. But the law has failed to prevent the U.S. maritime industry’s steady downward spiral, all while imposing significant economic costs.
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Justified on national security grounds as a means to bolster the U.S. maritime industry, the unsurprising result of this law has been to impose significant costs on the U.S. economy while providing few of the promised benefits.
