Noncontiguous Shipping Reasonable Rate Act of 2024

This bill, titled the Noncontiguous Shipping Reasonable Rate Act of 2024, seeks to establish a clear definition for what constitutes a "reasonable rate" in noncontiguous domestic ocean trade. It specifically amends existing federal law to provide this new standard for shipping costs. Under the proposed amendment, a rate will be considered reasonable if it falls within 10 percent of a comparable international ocean rate index. This index must be officially recognized by the Federal Maritime Commission , thereby introducing a standardized benchmark for evaluating shipping charges in areas like Hawaii, Alaska, and U.S. territories.