delete PART 388—ADMINISTRATIVE WAIVERS OF THE COASTWISE TRADE LAWS
Regulations implementing Title V of Public Law 105-383, granting the Secretary authority to waive coastwise trade laws for foreign-built vessels carrying up to 12 passengers for hire, with application procedures, criteria for approval, and revocation processes.
This regulation creates artificial barriers to entry in passenger vessel services, protecting incumbent operators and domestic shipyards from foreign competition. The compliance costs and bureaucratic review process burden small operators, while the protectionist intent distorts market pricing and reduces consumer choice in coastal transportation services.