Abandoned Historic Shipwreck Protection Act of 1987

[AI summary unavailable — showing source text] Abandoned Historic Shipwreck Protection Act of 1987 - Declares any abandoned historic shipwreck on State submerged lands to be subject to original and exclusive jurisdiction of the U.S. district court for that geographic area. Requires the finder/salvor of such shipwreck to file an in rem salvage action in such court before any substantial salvage on the shipwreck. Allows the court, under certain circumstances, to waive or reduce fees and costs for finders/salvors which are nonprofit organizations. Requires the finder/salvor to conduct the salvage as specified by the court so as to protect its historical and archaeological significance. Authorizes any Federal agency or any agency of the State on whose submerged lands such shipwreck is located to intervene as a public interest trustee in such action. Authorizes such trustee to request the court to issue orders: (1) allowing the trustee's agent on board the salvage vessels to document and authenticate recovery of items; (2) altering or stopping salvage, if the trustee determines the finder/salvor is not adequately protecting the historical or archaeological significance of the shipwreck; or (3) stopping all salvage activities and eit…