The Congress has passed the Ocean Shipping Reform Act, which will help fix supply chains and ease shipping backlogs, with bipartisan support.
Reducing bottlenecks at U.S. ports and improving conditions for agricultural exports are key to pave the way for lower costs for American retailers, farmers and consumers.
The Ocean Shipping Reform Act, which unanimously passed the Senate in March, was approved in the House by an overwhelming majority of 369-42 votes Monday. The Bill now heads to President Joe Biden's desk to be signed into law.
For comments and feedback contact: editorial@rttnews.com
Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.