Resolution on U.S. oceans policy at the Law of the Sea Conference.

[AI summary unavailable — showing source text] Declares that the House of Representatives endorses the following objectives, envisioned in the President's ocean policy statement of May 23, 1970, and now being pursued by the United States delegation to the Seabed Committee preparing for the Law of the Sea Conference: (1) protection of the freedom of the seas, beyond a twelve-mile territorial sea, for navigation, commerce, transportation, communication, and scientific research, and the free transit through and over international straits; (2) recognition of the following international community interests: (a) protection from ocean pollution, (b) assurance of the integrity of investments, (c) substantial sharing of revenues derived from exploitation of the seabed, particularly for economic assistance to developing countries, (d) compulsory settlement of disputes, and (e) protection of other reasonable uses of the oceans beyond the territorial sea, including any economic intermediate zone; (3) an effective International Seabed Authority to regulate orderly and just development of the mineral resources of the deep seabed as the common heritage of mankind, protecting the interests both of developing and of developed countries; and (4)…