A bill to amend the Intercoastal Shipping Act, 1933, by revising its suspension provisions and by authorizing periodic promulgation of rate of return guidelines.

Summary

Provides, under the Intercoastal Shipping Act of 1933, that commencing in 1976 a carrier may file a general increase in rates, with a frequency of not more often than once each 12 months, without suspension of that portion of such changed rates bringing about an increase of seven percent or less in its gross annual revenues. Requires the United States Maritime Commission to promulgate numerical guidelines as to common carrier rate of return on rate base and common equity which the Commission deems to be prima facie reasonable, as a means of assisting in insuring that the noncontiguous States, territories and possessions of the United States have efficient ocean transportation to and from the mainland.

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Timeline

1. 6 April 1976

   Introduced

   Referred to Senate Committee on Commerce.

   Source: IntroReferral

2. 6 April 1976

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 6 April 1976

  Open at official source

Sponsors

• Sen. Long, Russell B. [D-LA] · D · Sponsor
• · sscm00 · Standing

Related records

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