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A bipartisan Senate bill would set transport policy and investment for six years, but is only funded for three years using money that would be redirected from other parts of the government.
The Federal Maritime Commission's report was based on feedback from industry leaders at four public forums held around the country to gauge the impacts of port congestion and examine possible solutions going forward.
The European Commission granted approval for the acquisition of the short sea service provider June 29 without any conditions.
Georgia Ports Authority said TEU volumes in Savannah have climbed almost 17 percent in the past 12 months.
Foreign Minister Sameh Shoukry said Monday that Egypt is capable of protecting the new waterway that runs alongside the existing canal.
Meanwhile, maritime consultant Drewry said it believes the sale of G6 Alliance member APL's parent company Neptune Orient Lines is unlikely at this time, despite the line being a "habitual loss maker."