American Petroleum First Act
Rep. Perry Introduces American Petroleum First Act to Lower Oil Shipping Costs
This bill is currently in the early stages of the legislative process. It has been sent to the House Committee on Transportation and Infrastructure for review. There are no upcoming votes scheduled at this time.
Legislative Progress
This bill challenges the Jones Act, which has strong support from labor unions and many members of both parties. It is unlikely to pass without a major shift in trade policy.
Key Points
Impact Analysis
Personal Impact
American shipyards and domestic shipping companies that have long been protected by the Jones Act could see a significant loss of business. By allowing foreign-built vessels to carry petroleum products between U.S. ports, U.S. shipbuilders and ship operators lose a captive market, potentially leading to job losses and reduced revenue in the domestic maritime industry.
“Notwithstanding subsection (a), a certificate of documentation may be issued under this chapter for any vessel transporting crude oil and petroleum products.”
State Impacts
Milestones
Referred to the House Committee on Transportation and Infrastructure.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
American Petroleum First Act
Data Sources
Sponsor
Cosponsors
(4)Analysis generated by AI. Always verify with official sources.