Bill > HR2500

This bill, known as the "Abandoned Vessel Prevention Act," introduces new liability provisions for individuals who transfer ownership of commercial or former commercial vessels to recreational users. Specifically, the bill establishes that the original vessel transferor can be held financially responsible for any expenses resulting from the vessel sinking in U.S. navigable waters, with some key exceptions. The liability covers damages from the sinking, costs of vessel and debris removal, pollution clean-up, and expenses related to water intake pump shutdowns or repairs. However, these liability provisions do not apply to vessels less than 35 feet long or less than 40 years old, and they also do not apply if the transferee has appropriate insurance coverage for the vessel at the time of transfer that would cover potential sinking-related expenses for at least 12 months. The bill defines key terms like "commercial vessel," "recreational vessel," and "specified expenses" to provide clarity on its scope and application, ultimately aiming to prevent the abandonment of potentially hazardous vessels and ensure financial accountability for vessel transfers.

Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/house-bill/2500/all-info