Does U.S. Domestic Shipping Still Need the Jones Act?

Should foreign-flag vessels and crews be allowed into the U.S. domestic maritime trades? They've been barred entry for nearly a century, thanks to the Merchant Marine Act of 1920, better known as the Jones Act. The law states that all goods moving by water between U.S. ports must be carried by ships that are built, flagged and crewed in this country. It has been subjected to repeated attacks over the years, including during the 2010 BP oil spill in the Gulf of Mexico. A recent report by the Heritage Foundation argues that repeal of the Jones Act would save the American economy $682m per year. Others say that number doesn't account for the thousands of jobs that the act reserves for American workers. In this episode, attorney and Jones Act expert Charlie Papavizas provides valuable background on the Jones Act, and clears up some key misperceptions about the law.