(Washington, DC) – Following months of advocating on behalf of the recycling industry regarding unfair ocean shipping detention and demurrage charges, the Institute of Scrap Recycling Industries (ISRI) today released the following statement in support of the U. S. House of Representatives’ passage of the Ocean Shipping Reform Act (H.R. 4996).
ISRI congratulates the U.S. House of Representatives for the passage of this important piece of legislation, following months of supply chain backlogs and harm to our nation’s economy during the COVID-19 pandemic. This is an important first step towards addressing both the long-term unfair shipping practices employed by ocean carriers and helping to solve the nation’s supply chain disruptions that are impacting the recycling industry as well as every sector of our nation’s economy. We urge the U.S. Senate to move quickly to also pass this bill.
ISRI will continue to work with our coalition partners to advance this bill and improve our nation’s transportation networks.
###
The Institute of Scrap Recycling Industries, Inc. (ISRI) is the "Voice of the Recycling Industry™." ISRI represents 1,300 companies in the U.S. and more than 40 countries that process, broker, and consume scrap commodities, including metals, paper, plastics, glass, rubber, electronics, and textiles. With headquarters in Washington, DC, the Institute provides education, advocacy, safety and compliance training, and promotes public awareness of the vital role recycling plays in the U.S. economy, global trade, the environment and sustainable development. Generating nearly $116 billion annually in U.S. economic activity, the scrap recycling industry provides more than 506,000 Americans with good jobs.