Deepwater Port Modernization Act

[AI summary unavailable — showing source text] Deepwater Port Modernization Act - Amends the Deepwater Port Act of 1974 to revise the term "deepwater port" to include a fixed or floating manmade structure (other than a vessel) that is located beyond the territorial sea and off the U.S. coast which is used as a port or terminal for the transportation of oil from the U.S. Outer Continental Shelf. Eliminates: (1) certain utilization and transfer restrictions on deepwater ports; and (2) a certain antitrust precondition with respect to the licensing of such ports. Declares that certain deepwater port licensing conditions may include reasonable environmental monitoring requirements. Repeals the restriction on the issuance of a deepwater port license requiring that the Secretary of Transportation first receive opinions from the Attorney General and the Federal Trade Commission as to whether such action would adversely affect competition, restrain trade, promote monopolization, or otherwise contravene the antitrust laws. Requires a deepwater port, among other things, to accept, transport, or convey without discrimination all oil delivered to it. Directs the Secretary to publish guidance regarding preparation by a licensee of an operati…