[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 1602 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                S. 1602

   To amend the Sherman Act to restore fair competition in the ocean 
                           shipping industry.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

             October 29 (legislative day, October 13), 1993

Mr. Metzenbaum (for himself, Mr. Hatch, Mr. Grassley, and Mr. Specter) 
introduced the following bill; which was read twice and referred to the 
                       Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
   To amend the Sherman Act to restore fair competition in the ocean 
                           shipping industry.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Act to Restore Fair Competition in 
the Ocean Shipping Industry''.

SEC. 2. TERMINATION OF ANTITRUST EXEMPTION.

    The Act entitled ``An Act to protect trade and commerce against 
unlawful restraints and monopolies'', approved July 2, 1890 (commonly 
known as the Sherman Act) (15 U.S.C. 1 et seq.) is amended by adding at 
the end the following new section:

                        ``ocean common carriers

    ``Sec. 9. (a) Definitions.--In this section, `antitrust laws' and 
`ocean common carrier' have the meanings stated in section 3 of the 
Shipping Act of 1984 (46 U.S.C. App. 1702).
    ``(b) Termination of Exemption.--The exemption from the antitrust 
laws provided by section 7 of the Shipping Act of 1984 (46 U.S.C. App. 
1706), insofar as it applies to ocean common carriers, is terminated 
effective January 1, 1994.''.

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