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Section 1
1. Short title This Act may be cited as the Noncontiguous Shipping Reasonable Rate Act of 2024.
Section 2
2. Noncontiguous domestic ocean trade Section 13701(d) of title 49, United States Code, is amended by striking paragraph (1) and inserting the following new paragraph: For purposes of this section, a rate is reasonable if such rate is within 10 percent of a rate set by a comparable international ocean rate index recognized by the Federal Maritime Commission. (1)In generalFor purposes of this section, a rate is reasonable if such rate is within 10 percent of a rate set by a comparable international ocean rate index recognized by the Federal Maritime Commission..