HR 8021
To exempt certain vessels transporting crude oil and petroleum products from certain coastwise endorsement requirements, and for other purposes
Progress
Timeline
- Mar 19Referred to the House Committee on Transportation and Infrastructure.
Summary
**What it does:** This bill would allow certain foreign-flagged ships carrying crude oil and petroleum products to transport cargo between U.S. ports without meeting current "coastwise endorsement" requirements. These requirements typically restrict such shipping to U.S.-flagged vessels with U.S. crews. **Who it affects:** - Oil and petroleum companies that transport products between U.S. ports - U.S. shipping companies and maritime workers who currently have preferred access to this trade - Consumers who may see changes in fuel transportation costs **What would change:** Foreign vessels could compete more directly with U.S. ships for domestic oil transportation routes. This could potentially lower shipping costs for oil companies but might reduce business opportunities for U.S.-flagged vessels and American maritime workers. The change would apply only to crude oil and petroleum products, not other types of cargo. The bill is currently under review in congressional committee.
How This Affects You
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