2014-12-05T204020Z_1_LYNXNPEAB411I_RTROPTP_2_USA-POLITICS

Senator McCain vows Jones Act will be repealed one day

Senator John McCain (R-AZ) speaks to reporters after a procedural vote on Capitol Hill in WashingtonWASHINGTON (Reuters) – Senator John McCain said a more than 90-year-old law that requires ships servicing coastal businesses to be built and mostly staffed by U.S. crews will be repealed sooner or later if lawmakers keep fighting the trade restriction. Oil refiners, and many manufacturers and state governments oppose the Jones Act, saying the requirement increases costs by blocking shipping by cheaper foreign-built and foreign-flagged vessels. …

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