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U.S. Customs Agency Withdraws Obama-Proposed Changes to Jones Act


(Reuters)

U.S. Customs and Border Protection has withdrawn an Obama-era proposal to modify a law that governs shipping, which would have revoked waivers that make it easier for oil and gas operators to skirt restrictions, according to an agency bulletin published Wednesday.

For nearly 40 years the CBP has provided exemptions to the Jones Act, which mandates the use of U.S.-flagged vessels to transport merchandise between U.S. coasts. The exemptions have allowed oil and gas operators to use often cheaper, tax-free, or more readily available foreign flagged vessels.

The CBP has weighed revoking these waivers after President Barack Obama’s administration proposed to put them on the chopping block two days before President Donald Trump took office. Click here to read more.

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