Complaints against shipping exchanges

(a) In general Section 40504(c) of title 46, United States Code, is amended— (1) in the subsection heading by inserting and investigation after Exemption; (2) by striking the period at the end and inserting; and; (3) by striking may exempt and inserting the following: may— (1) exempt; and (4) by adding at the end the following: (2) investigate complaints submitted under section 40505.. (b) Complaints against shipping exchanges Chapter 405 of title 46, United States Code, is amended by adding at the end the following: 40505. Complaints against shipping exchanges (a) In general A person may submit to the Federal Maritime Commission, and the Commission shall accept, information concerning alleged incidents of market manipulation or other anticompetitive practices by shipping exchanges registered under section 40504. (b) Investigation Upon receipt of a submission of information under subsection (a), the Commission shall promptly investigate the accuracy of such information. (c) Report to Congress The Commission shall submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate the results of any investigation in which the Commission finds incidents of market manipulation or anticompetitive practices by shipping exchanges registered under section 40504.. (c) Clerical amendment The analysis for chapter 405 of title 46, United States Code, is amended by adding at the end the following: 40505. Complaints against shipping exchanges..

(a) In general Section 40504(c) of title 46, United States Code, is amended— (1) in the subsection heading by inserting and investigation after Exemption; (2) by striking the period at the end and inserting; and; (3) by striking may exempt and inserting the following: may— (1) exempt; and (4) by adding at the end the following: (2) investigate complaints submitted under section 40505.. (b) Complaints against shipping exchanges Chapter 405 of title 46, United States Code, is amended by adding at the end the following: 40505. Complaints against shipping exchanges (a) In general A person may submit to the Federal Maritime Commission, and the Commission shall accept, information concerning alleged incidents of market manipulation or other anticompetitive practices by shipping exchanges registered under section 40504. (b) Investigation Upon receipt of a submission of information under subsection (a), the Commission shall promptly investigate the accuracy of such information. (c) Report to Congress The Commission shall submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate the results of any investigation in which the Commission finds incidents of market manipulation or anticompetitive practices by shipping exchanges registered under section 40504.. (c) Clerical amendment The analysis for chapter 405 of title 46, United States Code, is amended by adding at the end the following: 40505. Complaints against shipping exchanges..