According to the Associated Press, a group of legislators from Alaska, Hawaii, Guam and Puerto Rico has gotten together to demand that the United States repeal of the Jones Act, passed in the 1920s.
The report mentions that the Jones Act was passed to protect the maritime industry of the United States, stating that only vessels licensed in this country can transport goods between their ports.
Senators of the aforementioned states and territories held a video conference this week in which they agreed that the Jones Act has caused prices to be 49 percent higher than in the continental United States, affecting individuals, families and small business.
The Puerto Rico Senate approved a resolution to investigate the economic impact of the Jones Act after the World Economic Forum and the Federal Reserve Bank of New York concluded that the statute limits the economic development of the island. [. . .]
For full article, see http://www.noticel.com/noticia/157374/se-unen-alaska-hawai-guam-y-puerto-rico-contra-la-ley-jones.html
Reblogged this on It Is What It Is and commented:
This law only benefits the olde US of A!!
… “a group of legislators from Alaska, Hawaii, Guam and Puerto Rico has gotten together to demand that the United States repeal of the Jones Act, passed in the 1920’s.”
It’s time!