U.S. Sen. John McCain, R-Ariz., has introduced legislation to undo a ‘Buy American’ law that dates back to 1920.
McCain wants Congress to repeal the decades-old Jones Act. The law institutes some rules and regulations on shipping.
That includes regulations on waterborne shipping between two U.S. locations that dictate the ships used for that cabotage must be done on ships built in the U.S. Those ships must also be owned by American companies.
It prohibits foreign-owned or foreign-flagged ships…