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Biden admin grants Colonial waiver to ease fuel shortages as service restarts after hack

The Biden administration announced late Wednesday a temporary waiver of the Jones Act for Colonial Pipeline as service resumes across the U.S. following a ransomware attack that that took it offline last week.

Why it matters: The century-old Act requires ships to be built in the U.S. and crewed by American workers, but the waiver means foreign companies can transport gasoline and diesel to areas where there are fuel shortages.

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