Justice for Victims of Foreign Vessel Accidents Act

This bill increases liability limits for foreign vessel owners from the previous cap to 10 times the vessel's value. It directly affects victims of foreign vessel accidents who were not crew members or passengers, including those injured or killed in incidents not involving the vessel's crew or paying passengers. The law requires foreign vessel owners to cover personal injury or death claims for these victims, removing the previous limitation that capped payments to the vessel's value. The changes apply to incidents occurring on or after March 25, 2024.