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The agreement is not , and is not to be construed as , an admission by A.P. Moller Maersk Sea-Land of any liability or violation of the Shipping Act of 1984 , or an admission or acceptance of any of the underlying allegations set forth in Inlet Fish Producers , Inc. ' s complaint and filings . It represents the most significant change to the regulation of liner shipping in the United States since the Shipping Act of 1984 , which itself amended a system of regulation that had remained essentially unchanged since 1916 . These regulations implement section 2651 of P. L. 98-369 , the Deficit Reduction Act of 1984 , which requires Federally funded public assistance and unemployment compensation agencies to establish an income and eligibility verification system to make more accurate eligibility determinations and benefit payments by exchanging information with each other . However , because the Commission is an administrative agency and not a court , it will be necessary to follow certain procedures and to tailor any judgment to conform to the Commission 's authority under the Shipping Act of 1984 , which means that it may or may not be possible to award complainants " costs " or " disbursements " as contrasted to interest and reasonable attorney 's fees , notwithstanding the " confess-judgment " provision . Under the Tax Reform Act of 1984 , a life insurance company qualifies for the small life insurance company deduction if its assets are less than $ 500,000,000 . " OSRA significantly altered the Shipping Act of 1984 , the primary statutory guidance for the Federal Maritime Commission 's oversight of the ocean transportation industry . The Shipping Act of 1984 , and the Shipping Act , 1916 [ footnote omitted ] before it , illustrate Congress 's decision that the regulation of ports , whether publicly or privately owned , is essential to protecting the nation 's oceanborne commerce .