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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
2/13/1974--Introduced. Prohibits, under the Shipping Act of 1916, the practice of port equalization. Defines the term "port equalization" to mean the practice whereby a carrier absorbs the additional cost involved in transportation of cargo from or to the inland point of origin or destination and a port other than the port closest to or from the inland point of origin or point of destination.