§ 1441. Declaration of Congressional intent

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It is the intent of Congress—

(1)that any international agreement to which the United States becomes a party should, in addition to promoting other national oceans objectives—

(A)provide assured and nondiscriminatory access, under reasonable terms and conditions, to the hard mineral resources of the deep seabed for United States citizens, and

(B)provide security of tenure by recognizing the rights of United States citizens who have undertaken exploration or commercial recovery under subchapter I before such agreement enters into force with respect to the United States to continue their operations under terms, conditions, and restrictions which do not impose significant new economic burdens upon such citizens with respect to such operations with the effect of preventing the continuation of such operations on a viable economic basis;

(2)that the extent to which any such international agreement conforms to the provisions of paragraph

(1)should be determined by the totality of the provisions of such agreement, including, but not limited to, the practical implications for the security of investments of any discretionary powers granted to an international regulatory body, the structures and decisionmaking procedures of such body, the availability of impartial and effective procedures for the settlement of disputes, and any features that tend to discriminate against exploration and commercial recovery activities undertaken by United States citizens; and

(3)that this chapter should be transitional pending—

(A)the adoption of an international agreement at the Third United Nations Conference on the Law of the Sea, and the entering into force of such agreement, or portions thereof, with respect to the United States, or

(B)if such adoption is not forthcoming, the negotiation of a multilateral or other treaty concerning the deep seabed, and the entering into force of such treaty with respect to the United States.

(Pub. L. 96–283, title II, § 201, June 28, 1980, 94 Stat. 575.)

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Cited by 5 sections

U.S. Code

§ 1443
Protection of interim investments

statute-compilations

Sec. 201
DECLARATION OF CONGRESSIONAL INTENT

statutes-at-large

Public Law 96–283
To establish an interim procedure for the orderly development of hard mineral resources in the deep seabed, pending adoption of an international regime relating thereto, and for other purposes

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Pub. L. 96–283, title II, § 201
94 Stat. 575

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§ 1441

Declaration of Congressional intent

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Pub. L.Pub. L. 96–283, title II, § 201

Stat.94 Stat. 575

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