Creates an exception to U.S. port entry limits for certain vessels that have called at a Western Hemisphere port the President has designated after its foreign government seized it from a U.S. owner.

• Adds exceptions to vessel entry limits for vessels facing an emergency and for vessels whose owner authorizes them to transit specified facilities.
• Lets the President designate a port, harbor, or marine terminal in a Western Hemisphere free trade partner country when that government nationalizes or expropriates it from a U.S. person, or takes equivalent action.
• Excludes matters that are subject to a pending arbitration under a free trade agreement from designation.
• Requires the President to remove a designation once the country restores ownership, provides full compensation, or the dispute is otherwise resolved to the President's satisfaction.

• Transportation and Infrastructure Committee (House)
• Coast Guard and Maritime Transportation Subcommittee

Transportation and Public Works