The committee includes noted sailor and Emirates Team NZ director and legal counsel, Jim Farmer QC, but it is the San Francisco Police Department and Coast Guard who hold the official legal cards.
The police inquiry into Simpson's death will examine whether there are any circumstances that might lead to criminal charges. The Coast Guard are yet to license the event (and wouldn't have done so in normal circumstances at this stage anyway); they will wait to see what the committee recommends in safety terms for training and racing the 72-foot (22m) catamarans.
America's Cup insiders seem confident there will be no official repercussions from Artemis' accident. They would not be talking about sticking to the Cup schedule and having "significant" things to say in a fortnight otherwise.
The unexpressed thinking from Cup sources is that a civil action is quite possible - but will not be enough to halt the regatta.
That gels with what is known so far about the Artemis accident:
It involved their first, originally a non-foiling boat, not the boat they were planning to race.
Foiling - the art of lifting the boat out of the water for greater speed - seems the way to go. Teams who have worked on it report the faster they go, the more stable the boat.
As early reports indicate the problem appears to be with the structural build of Artemis' first boat, the review may give the boats as clean a bill of health as can be expected for yachts that fly as close to the edge as the AC72s. It would be a different story if the review demonstrated that there were inherently unsafe qualities common to all of the giant catamarans.
Neither is the review likely to find that the venue and conditions contained inherently unsafe elements. The wind was moderate at the time of the capsize, the sea conditions were not dangerous.
That could be why Ehman could say yesterday: "The America's Cup will go ahead this summer. We will see the world's best sailors racing at the highest level on one of the most iconic race tracks in sport."