General Aviation Revitalization Act 1994

On August 17, 1994, President Bill Clinton Signed into law product liability reform that will serve to reduce the liability that is faced by aviation manufacturers. This came forward in the form of the General Aviation Revitalization Act. The General Aviation Revitalization Act of 1994, also known by its initials GARA, is Public Law 103-298, an Act of congress on Senate Bill S. 1458 (103rd Congress), amending the Federal Aviation Act of 1958. This Act intended to counteract the effects of prolonged product liability on general aviation aircraft manufactures by limiting the duration of the liability for the aircraft that its produce.

The purpose of General Aviation Revitalization Act of 1994 reduced the quality of the aircraft products as well as the development of technologies within the general aviation field. The export of small aircraft has increased the liability and drastic reduction quantity of aircraft sold with the balance of trade for United States. This reduction of Liability act created thousands of jobs, Under to this act, manufactures would not be liable for their products for more than 18 years after production. The new products installed on older aircraft would be a liability for manufactures for 18 years from the date of installations.

General Aviation Revitalization Act of 1994 sets forth a statute of limitations within which, with certain exceptions, a person must bring a civil action against an aircraft manufacturer for damages for death or injury or damage to property arising from a general aviation aircraft accident. Its specified the limitation period as 18 years with respect to general aviation aircraft and parts.

Reference 

vstop.com/history/needregulations/act1994.htm

https://www.congress.gov/bill/103rd-congress/senate-bill/1458

https://www.congress.gov/bill/103rd-congress/senate-bill/1458#:~:text=General%20Aviation%20Revitalization%20Act%20of%201994%20%2D%20Sets%20forth%20a%20statute,a%20general%20aviation%20aircraft%20accident.