‘‘(5) promote reciprocal trade in the common 
carriage of goods by water in the foreign commerce 
of the United States.’’. 
SEC. 403. SERVICE CONTRACTS. 
Section 40502 of title 46, United States Code, is 
amended— 
(1) in subsection (c)— 
(A) in paragraph (7) by striking ‘‘; and’’ 
and inserting a semicolon; 
(B) in paragraph (8) by striking the period 
and inserting ‘‘; and’’; and 
(C) by adding at the end the following: 
‘‘(9) any other essential terms or minimum con-
tract requirements that the Federal Maritime Com-
mission determines necessary or appropriate.’’; and 
(2) by adding at the end the following: 
‘‘(g) SERVICE CONTRACT REQUIREMENT.—With re-
spect to service contracts entered into under this section, 
a common carrier shall establish, observe, and enforce just 
and reasonable regulations and practices relating to essen-
tial terms and minimum contract requirements the Com-
mission determines are necessary or appropriate under 
subsection (c)(9).’’.
SEC. 404. SHIPPING EXCHANGE REGISTRY. 
(a) IN GENERAL.—Chapter 405 of title 46, United 
States Code, is amended by adding at the end the fol-
lowing: 
‘‘§ 40504. Shipping exchange registry 
‘‘(a) IN GENERAL.—No person may operate a ship-
ping exchange involving ocean transportation in the for-
eign commerce of the United States unless the shipping 
exchange is registered as a national shipping exchange 
under the terms and conditions provided in this section 
and the regulations issued pursuant to this section. 
‘‘(b) REGISTRATION.—A person shall register a ship-
ping exchange by filing with the Federal Maritime Com-
mission an application for registration in such form as the 
Commission, by rule, may prescribe containing the rules 
of the exchange and such other information and docu-
ments as the Commission, by rule, may prescribe as nec-
essary or appropriate in the public interest. 
‘‘(c) EXEMPTION.—The Commission may exempt, 
conditionally or unconditionally, a shipping exchange from 
registration and licensing under this section if the Com-
mission finds that the shipping exchange is subject to com-
parable, comprehensive supervision and regulation by the 
appropriate governmental authorities in the home country 
of the shipping exchange.
‘‘(d) REGULATIONS.—In issuing regulations pursu-
ant to subsection (a), the Commission shall set standards 
necessary to carry out subtitle IV for registered national 
shipping exchanges, including the minimum requirements 
for service contracts established under section 40502, and 
issue licenses for registered national shipping exchanges. 
‘‘(e) DEFINITION.—In this subsection, the term ‘ship-
ping exchange’ means a platform, digital, over-the-counter 
or otherwise, which connects shippers with common car-
riers (both vessel-operating and non-vessel-operating) for 
the purpose of entering into underlying agreements or con-
tracts for the transport of cargo, by vessel or other modes 
of transportation.’’. 
(b) APPLICABILITY.—The registration requirement 
under section 40504 of title 46, United States Code (as 
added by this section), shall take effect on the date on 
which the Federal Maritime Commission issues regula-
tions required under subsection (d) of such section. 
(c) CLERICAL AMENDMENT.—The analysis for chap-
ter 405 of title 46, United States Code, is amended by 
adding at the end the following: 
‘‘40504. Shipping exchange registry.’’. 
SEC. 405. DATA COLLECTION. 
(a) IN GENERAL.—Chapter 411 of title 46, United 
States Code, is amended by adding at the end the fol-
lowing:
‘‘§ 41110. Data collection 
‘‘(a) IN GENERAL.—Common carriers covered under 
this chapter shall submit to the Federal Maritime Com-
mission a calendar quarterly report that describes the 
total import and export tonnage and the total loaded and 
empty 20-foot equivalent units per vessel (making port in 
the United States, including any territory or possession 
of the United States) operated by such common carrier. 
‘‘(b) PROHIBITION ON DUPLICATION.—Data required 
to be reported under subsection (a) may not duplicate in-
formation— 
‘‘(1) submitted to the Corps of Engineers pur-
suant to section 11 of the Act entitled ‘An Act au-
thorizing the construction, repair, and preservation 
of certain public works on rivers and harbors, and 
for other purposes’, approved September 22, 1922 
(33 U.S.C. 555), by an ocean common carrier acting 
as a vessel operator; or 
‘‘(2) submitted pursuant to section 481 of the 
Tariff Act of 1930 (19 U.S.C. 1481) to U.S. Cus-
toms and Border Protection by merchandise import-
ers.’’. 
(b) CLERICAL AMENDMENT.—The analysis for chap-
ter 411 of title 46, United States Code, is amended by 
adding at the end the following: 
‘‘41110. Data collection.’’.
SEC. 406. NATIONAL SHIPPER ADVISORY COMMITTEE. 
(a) NATIONAL SHIPPER ADVISORY COMMITTEE.— 
Section 42502(c)(3) of title 46, United States Code, is 
amended by inserting ‘‘, including customs brokers or 
freight forwarders’’ after ‘‘ocean common carriers’’ each 
place such term occurs. 
(b) ANALYSIS.—The analysis for chapter 425 of title 
46, United States Code, is amended by inserting before 
the item relating to section 42501 the following: 
‘‘Sec.’’. 
SEC. 407. ANNUAL REPORT AND PUBLIC DISCLOSURES. 
(a) REPORT ON FOREIGN LAWS AND PRACTICES.— 
Section 46106(b) of title 46, United States Code, is 
amended— 
(1) in paragraph (5) by striking ‘‘and’’ at the 
end; 
(2) in paragraph (6)— 
(A) by striking ‘‘under this part’’ and in-
serting ‘‘under chapter 403’’; and 
(B) by striking the period and inserting a 
semicolon; and 
(3) by adding at the end the following: 
‘‘(7) an identification of any anticompetitive or 
nonreciprocal trade practices by ocean common car-
riers;