[Congressional Record Volume 168, Number 56 (Wednesday, March 30, 2022)]
[Senate]
[Pages S1843-S1844]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
Ocean Shipping Reform Act
Mr. THUNE. Mr. President, American families are currently struggling
with the worst inflation in 40 years--40 years. Food prices, gas
prices, used car prices--everywhere Americans look, they are paying
more. Wages increased on average last year, but inflation outstripped
wage growth, which means that, instead of a wage increase, a lot of
Americans got a de facto pay cut. And there is no clear end in sight.
It is no wonder that nearly two-thirds of the American people
disapprove of President Biden's handling of the economy, and they are
right to do so because Democrats bear a substantial part of the
responsibility for this inflation crisis. While it is true that supply
chain issues and the reopening of economies after COVID shutdowns
contributed somewhat to inflationary pressures, a big part of the
reason for our current inflation crisis is the Democrats' decision to
pass the American Rescue Plan last March.
The very definition of ``inflation'' is too many dollars chasing too
few goods and services, and that is exactly the situation that
Democrats helped create with their so-called American Rescue Plan.
Democrats took control mere weeks after Congress had passed a fifth--
fifth--bipartisan COVID relief bill totaling more than $900 billion and
meeting essentially all current, pressing COVID needs.
It was abundantly clear that we were not in immediate need of
trillions more in government spending, but that didn't stop Democrats.
Now that they were in charge, they were eager to take advantage of the
COVID crisis to begin implementing their Big Government vision.
So, in the name of COVID relief, they pushed through a massive,
partisan, $1.9 trillion piece of legislation filled with unnecessary
spending and handouts to Democrat interest groups, and the outcome was
entirely predictable. Democrats flooded the economy with unnecessary
government money, and the economy overheated as a result.
Unfortunately, there is no going back and undoing the American Rescue
Plan Act; although, given the inflation crisis it helped create, I
wonder if some Democrats wish they could go back and undo it.
There is no easy fix for Democrats' self-inflicted inflation crisis,
but there are things that we can do to at least lessen its effects,
starting with legislation to help ease supply chain woes.
Last week, the Senate Commerce Committee reported my bipartisan
shipping legislation out of committee by voice vote. The Ocean Shipping
Reform Act, which I introduced with Senator Klobuchar, would help ease
supply chain pressures by improving the fluidity of the supply chain.
For some time now, I have been hearing reports of ocean carriers
refusing to transport certain goods, often American agricultural
products. This would be a difficult situation at any time, as export
markets around the world are critically important to American
producers, but it is particularly painful at a time when inflation is
soaring and the supply chain is under significant strain.
The Ocean Shipping Reform Act is designed to address these kinds of
shipping problems and create a more level playing field for American
producers. Our legislation would give the Federal Maritime Commission
increased authority to respond to unfair ocean carrier practices
whether that involves a refusal to carry certain cargo, like
agricultural commodities, or discriminating against certain commodities
for export.
Our bill would also provide the FMC with tools to more quickly
resolve detention and demurrage disputes, which would bring greater
efficiency and transparency to a process that leaves many shippers
frustrated, especially agricultural producers and other small
businesses; and our legislation would take steps to improve the
movement of goods at our Nation's ports, which would help ease supply
chain bottlenecks and improve the speed at which goods reach consumers.
The Ocean Shipping Reform Act would bring long-term positive changes
to the maritime supply chain, which I hope would benefit exporters,
importers, and consumers alike.
I was very pleased that our legislation received strong bipartisan
support in the Commerce Committee, and I hope it can swiftly pass here
in the
[[Page S1844]]
Senate. This is the kind of bill that we should be working on if we
want to help alleviate our inflation situation and improve the economy.
I was dismayed to see that the President's budget, which was released
this week, would double down on the kind of excessive government
spending that helped get us into this inflation crisis in the first
place. After a year of progressively worsening inflation, you would
think Democrats would have learned their lesson, but, clearly, the
President is still intent on more reckless spending, coupled, I might
add, with job-killing tax hikes--and not just any tax hikes. According
to Bloomberg, the President's budget would add up to being the largest
tax hike in American history in dollar terms.
I hope that my Democratic colleagues here in Congress will decide to
skip the President's irresponsible tax-and-spending proposals and focus
on measures that would actually help alleviate this inflation crisis,
not make it worse.
While there is no easy fix for our inflation situation, we can start
to make things better for Americans with bipartisan legislation like
the Ocean Shipping Reform Act. I hope my colleagues on both sides of
the aisle will support the legislation Senator Klobuchar and I have
produced.
I yield the floor.
I suggest the absence of a quorum.
The ACTING PRESIDENT pro tempore. The clerk will call the roll.
The legislative clerk proceeded to call the roll.
Mrs. MURRAY. Mr. President, I ask unanimous consent that the order
for the quorum call be rescinded.
The ACTING PRESIDENT pro tempore. Without objection, it is so
ordered.