Deep Seabed Hard Minerals Act

[AI summary unavailable — showing source text] Deep Seabed Hard Minerals Act - Prohibits the development of hard mineral resources of the deep seabed by persons subject to the jurisdiction of the United States except: (1) as authorized pursuant to this Act; (2) as authorized under a license issued by a reciprocating foreign state; or (3) as authorized by treaty or international agreement. Authorizes the issuance of licenses by the Secretary of Commerce to develop deep seabed mineral resources, in accordance with prescribed conditions. Stipulates that licenses shall remain in force for 15 years or as long as commercial recovery from the block of land mineral resources continues. Authorizes the Secretary to establish procedures for the issuance of licenses. Requires the establishment of objective environmental standards for operations licensed under this Act. Sets forth a table of minimum annual expenditures per licensed block until commercial recovery from such block is initiated. Requires notification by each licensee to the Secretary after completion of exploration activities prior to the granting of an authorization to the licensee to begin commercial recovery. Requires that the licensee furnish specified data to the Secretar…