Deep Seabed Hard Mineral Resources Act

[AI summary unavailable — showing source text] Deep Seabed Hard Mineral Resources Act - Authorizes the Secretary of the Interior to administer the provisions of this Act. Provides that no person subject to the jurisdiction of the United States shall directly or indirectly develop any portion of the deep seabed except as authorized by license issued pursuant to this Act or by a reciprocating State. Authorizes the Secretary to issue fifteen year licenses recognizing rights to develop the deep seabed block designated in such license. Procides that a license shall be issued by the Secretary to the first qualified person who makes written application and tenders a fee of $5,000 for the block specified in the application. Provides that no license shall be issued under this Act for any portion of the deep seabed: (1) which has been relinguished by the applicant under license issued by any State within the prior three years; (2) which is subject either to a prior application for a license or an outstanding license under this Act or from a reciprocating State; (3) which if licensed would result in the applicant holding under licenses issued by any State or States more than 30 percent of that area of the deep seabed which is within any c…