Congressman Krishnamoorthi Votes To Combat Inflation Through Strengthening Supply Chain And Bolstering Capacity For American Exports

Statement

Today, Rep. Krishnamoorthi voted for the bipartisan Ocean Shipping Reform Act (H.R. 4996) to combat inflation through strengthening the overseas supply chain and bolstering exports from American businesses. As the COVID-19 pandemic continues to contribute to higher consumer prices and overall inflation through costly supply chain bottlenecks, the Ocean Shipping Reform Act is the first major modernization of the global ocean shipping industry since 1998.

"As we continue to combat the pandemic, supply chain snags are driving inflation and hurting Illinois families and businesses by inflicting higher costs, longer shipping times and shortages," said Congressman Krishnamoorthi. "That is why I proudly voted for the Ocean Shipping Reform Act, which will help reduce inflation through eliminating bottlenecks in the shipping industry so that families can buy what they need and businesses can get their goods to market."

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