To amend the limitation on liability for certain passenger rail accidents or incidents under section 28103 of title 49, United States Code, and for other purposes.

Increases from $200 million to $275 million the aggregate allowable amount that can be awarded (liability cap) for a single passenger rail accident or incident that was proximately caused by gross negligence or willful misconduct of a defendant (except a defendant that is governmental entity such as Amtrak). (Current law limits to $200 million the aggregate allowable award to all rail passengers, against all defendants, for all claims, including claims for punitive damages, arising from a single accident or incident.)