HYDE KEEPS ANTITRUST DEBATE ALIVE
House Judiciary Committee chairman Henry Hyde, R-Ill., is not giving up on legislation to repeal ocean carriers’ anti-trust immunity.
Chances are slim such a major bill will be undertaken by Congress during a busy election year. But Hyde is trying to build support for the bill via a “dear colleague” letter sent to all Congress members.
With the disappearance of most U.S. owned ships from the international shipping arena, antitrust immunity now benefits foreign shipowners at the expense of U.S. consumers, Hyde says.
