Transitional Deep Ocean Mining Act

[AI summary unavailable — showing source text] Transitional Deep Ocean Mining Act - Prohibits a citizen of the United States from engaging in exploration or mining of hard minerals in the ocean floor without a license or permit issued under the terms of this Act or by a reciprocating nation until an international agreement regulating deep seabed mining becomes legally binding upon the United States. Enables a citizen engaged in exploration before the effective date of this Act to continue such exploration during the pendency of his application for a license. Exempts from such licensing requirements those individuals engaged in: (1) scientific research; (2) geophysical or geochemical measurements or random samplings of the seabed; (3) the design, construction or testing of equipment used in exploration or mining; and (4) the furnishing of machinery, products, supplies, or services to support exploration or mining. Directs the Secretary of Commerce to accelerate preparation of an environmental impact statement for deep seabed mining. Requires the Secretary and the Secretary of State in cooperation with the Administrator of the Environmental Protection Agency to prepare regulations, pending the conclusion of an international agree…