H.R. 9899, titled the "Abandoned Vessel Prevention Act," seeks to amend U.S. law to assign liability for the costs associated with the sinking of certain commercial vessels that have been converted for recreational use. If a commercial vessel is transferred to another person...
Simple Explanation
H.R. 9899 wants to make sure if someone sells a big boat for fun use and it sinks without the new owner having insurance, the person who sold it has to pay for any mess or damage. This doesn’t count if the boat is small, newer, or the new owner has the right insurance.