House bill seeks five-year Jones Act waiver for Puerto Rico; Austal to build two 117 m high speed trimarans for Fred Olsen

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House bill seeks five-year Jones Act waiver for Puerto Rico
October 10, 2017 — Congressman Gary Palmer (R-AL) and Congresswoman Nydia Velázquez (D-NY) have introduced H.R. 3966, the Puerto Rico Humanitarian Relief Act. According to a press release issued by Congressman Palmer, the measure provides a five year moratorium of the Merchant Marine Act of 1920, more commonly known as the Jones Act. The press release cites a 2010 study at the University of Puerto Rico that said that Puerto Rico loses $537 million every year due to the Jones Act.

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