The Jones act IS A is 105 year old federal shipping law that restricts the amount of ships that can transit between two U.S. ports. Now that's actually not that big a deal on the continent because there's lots of … The Jones Act has led to an essential monopoly by just a very few companies who charge monopolistic prices. … a situation where over 90% here come in by ship, come in by ship. And so they're subject to the Jones Act. (13:24–13:38)
CLAIM
Asserts that the Jones Act results in monopolistic pricing by a few companies.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
