Page:United States Statutes at Large Volume 94 Part 1.djvu/625

 PUBLIC LAW 96-283—JUNE 28, 1980

94 STAT. 575

submitted with respect to the appHcation, or a summary thereof, and any other appropriate information not required to be withheld from public disclosure by section 113(c). (d) REVOCATION OF RECIPROCATING STATE STATUS.—The Adminis-

Consultation.

trator, in consultation with the Secretary of State and the heads of other appropriate departments and agencies, shall revoke the designation of a foreign nation as a reciprocating state if the Secretary of State finds that such foreign nation no longer complies with the requirements of subsection (a). At the request of any holder of a license, permit, or equivalent authorization of such foreign nation, who obtained the license, permit, or equivalent authorization while such foreign nation was a reciprocating state, the Administrator, in consultation with the Secretary of State, may decide to recognize the license, permit, or equivalent authorization for purposes of subsection (b). (e) AUTHORIZATION.—The President is authorized to negotiate Presidential agreements with foreign nations necessary to implement this section. negotiation. (f) INTERNATIONAL CONSULTATIONS.—The Administrator, in consul-

tation with the Secretary of State and the heads of other appropriate departments and agencies, shall consult with foreign nations which enact, or are preparing to enact, domestic legislation establishing an interim legal framework for exploration and commercial recovery of hard mineral resources. Such consultations shall be carried out with a view to facilitating the designation of such nations as reciprocating states and, as necessary, the negotiation of agreements with foreign nations authorized by subsection (e). In addition, the Administrator Assistance on shall provide such foreign nations with information on environmen- environmental tal impacts of exploration and commercial recovery activities, and protection. shall provide any technical assistance requested in designing regulatory measures to protect the environment. TITLE II—TRANSITION TO INTERNATIONAL AGREEMENT SEC. 201. DECLARATION OF CONGRESSIONAL INTENT.

30 USC 1441.

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 title I before such agreement Ante, p. 557. 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

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