White House Executive Order to Launch FMC Action

Sung Wook (John) Lee, CBFANC Ocean Committee

President Biden said, "Robust competition is critical to preserving America’s role as the world’s leading economy."
    "Yet over the last several decades, as industries have consolidated, competition has weakened in too many markets, denying Americans the benefits of an open economy and widening racial, income, and wealth inequality. Federal Government inaction has contributed to these problems, with workers, farmers, small businesses, and consumers paying the price."
So stay tuned and when you consume the news, you will see how pervasive this executive order is and how it will play out in the next 4 years.
Executive order pertinent to the FMC:
 o) The Chair of the Federal Maritime Commission is encouraged to work with the rest of the Commission to:
         (i)   vigorously enforce the prohibition of unjust and unreasonable practices in the context of detention and demurrage pursuant to the Shipping Act, as clarified in “Interpretive Rule on Demurrage and Detention Under the Shipping Act,” 85 Fed. Reg. 29638 (May 18, 2020);
         (ii)  request from the National Shipper Advisory Committee recommendations for improving detention and demurrage practices and enforcement of related Shipping Act prohibitions; and
         (iii) consider further rulemaking to improve detention and demurrage practices and enforcement of related Shipping Act prohibitions.