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Shining Light on Farm & Food Policy for 20 Years.
Monday, July 29, 2024
The House of Representatives voted 369-42 Monday to approve the Senate’s version of the Ocean Shipping Reform Act in an effort to reduce bottlenecks at U.S. ports and improve conditions for agricultural exports. The overwhelming vote sends the legislation to the White House, where President Joe Biden says he will sign it.
The House is set today to clear the Senate-passed Ocean Shipping Reform Act, which empowers the Federal Maritime Commission to take steps to clear port bottlenecks and reduce shipping rates.
The House is expected to clear a bill this week aimed at ending port bottlenecks and also pass a package of measures that Democrats claim will help bring food, fertilizer and fuel prices under control.
Transportation Secretary Pete Buttigieg says funding from the bipartisan infrastructure law, or BIL, will help make electric vehicle charging stations as convenient in rural America as gas stations are now.
Inflation remains at center stage during this election year, and congressional Democrats are preparing to move a series of bills they say will help target the issue.
Supermarket prices shot up a seasonally adjusted 1.4% in May, led by soaring costs for dairy products, and have risen 11.9% over the past 12 months, according to the latest Consumer Price Index.
Farm input costs are likely to remain at elevated levels well after commodity prices come off their historic highs, and farm bill programs could provide only limited help, economists warned lawmakers Thursday.
President Joe Biden intends to nominate Doug McKalip, a senior adviser to Agriculture Secretary Tom Vilsack, to be chief agricultural negotiator for the office of the U.S. Trade Representative.
Treasury Secretary Janet Yellen offered sharp criticism Wednesday of U.S. tariffs on Chinese goods, promising to “reconfigure” the import taxes even as her department continues a review.