A bill to provide for minimum rate provisions by nominational carriers in the foreign commerce of the United States.

(LATEST SUMMARY)

Provides that after 90 days following enactment of this Act, no nonnational flag carrier in any given trade in the foreign commerce of the United States shall maintain rates or charges in its tariffs filed with the Federal Maritime Commission in that trade that are lower than the lowest corresponding rate or charge of any national flag carrier in that trade unless said rate or charge is first determined by the Commission to be compensatory on a fully distributed commercial cost basis.