US exports

President Joe Biden signs the Ocean Shipping Reform Act in the State Dining Room of the White House, Thursday, June 16, 2022, in Washington. (AP Photo/Evan Vucci)

Biden signs ocean shipping bill in bid

President Joe Biden signed legislation to improve the oversight of ocean shipping. The “Ocean Shipping Reform Act” was signed Thursday. It is designed to help curb inflation, ease shipping back-logs and lower costs for American families. The bill prohibits ocean carriers from refusing to carry US exports.