The Jones Act of 1920 requires that all goods transported by water between U.S. ports be carried by vessels which are built in the U.S., owned by U.S. citizens, flagged to the U.S., and manned by U.S. crews.
This market will resolve to “Yes” if the Jones Act is repealed, altered, or invalidated, or new legislation becomes law, such that any of the Jones Act domestic shipping restrictions to vessels which are built in the U.S., owned by U.S. citizens, flagged to the U.S., and manned by U.S. crews are fully removed by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.
A removal of any of the listed domestic shipping requirements will count. For example, the removal of the domestic shipping requirements for ships to be built in and flagged to the U.S., without the removal of the requirements for those ships to be owned by U.S. citizens to be manned by U.S. crews, would count.
New legislation includes any congressional legislation or any executive order, proclamation, memorandum, or other legally-binding executive action which effectively removes one of the listed Jones Act requirements.
The primary resolution sources for this market will be official information from the U.S. government. If official information is unavailable or unclear, a consensus of credible reporting may also be used.
