A bill to revise, consolidate, and enact certain laws related to admiralty and maritime liability as subtitles I and III of title 46, United States Code, "Shipping".

[AI summary unavailable — showing source text] Amends Federal law to recodify, consolidate, and revise specified shipping and related maritime provisions regarding admiralty, maritime jurisdiction, and maritime liability. Reorganizes existing law regarding: (1) liability to individuals; (2) liability for personal property; (3) liability limitations; (4) commercial instruments and maritime liens; and (5) public vessels and goods. Sets financial responsibility requirements for specified kinds of vessels, including penalties for noncompliance. Provides for judicial review of attorney's fees in civil suits with respect to liability of vessels, owners, and other persons to individuals.…