4/1/22 • Transportation

CRA Thanks Senate for Passage of The Ocean Shipping Reform Act

Encourages A Swift Resolution in Congress

April 1, 2022

WASHINGTON, DC — The following statement is attributed to John Bode, President & CEO, Corn Refiners Association (CRA):

“CRA thanks the Senate, specifically Senators Amy Klobuchar (D-MN) and John Thune (R-SD), for the unanimous passage of the Ocean Shipping Reform Act. This is a big step toward fixing supply chain problems that are contributing to food price inflation. However, there is still much work to be done.  We strongly urge that the House and Senate work together to quickly agree on a compromise version to provide much needed help to U.S. consumers and agriculture exporters.

The food and agriculture sectors are absolutely central to our nation’s well-being and support 18 percent of the nation’s economy. Even amidst the global supply chain and inflation crises, these sectors have still exported $182.91 billion worth of goods. CRA looks forward to a final version of the Ocean Shipping Reform Act, which holds promise to help fight inflation and foster the nation’s economic growth.”

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The Corn Refiners Association (CRA) is the national trade association representing the corn refining industry of the United States. CRA and its predecessors have served this important segment of American agribusiness since 1913. Corn refiners manufacture sweeteners, starch, advanced bioproducts, corn oil and feed products from corn components such as starch, oil, protein and fiber.