94 STAT. 576
PUBLIC LAW 96-283—JUNE 28, 1980 tend to discriminate against exploration and commercial recovery activities undertaken by United States citizens; and (3) that this Act should be transitional pending— (A) the adoption of an international agreement at the Third United Nations Conference on the Law of the Sea, and the entering into force of such agreement, or portions thereof, with respect to the United States, or (B) if such adoption is not forthcoming, the negotiation of a multilateral or other treaty concerning the deep seabed, and the entering into force of such treaty with respect to the United States.
30 USC 1442. Ante, p. 557.
Report to Congress.
30 USC 1443.
SEC. 202. EFFECT OF INTERNATIONAL AGREEMENT.
If an international agreement enters into force with respect to the United States, any provision of title I, this title, or title III, and any regulation issued under any such provision, which is not inconsistent with such international agreement shall continue in effect with respect to United States citizens. In the implementation of such international agreement the Administrator, in consultation with the Secretary of State, shall make every effort, to the maximum extent practicable consistent with the provisions of that agreement, to provide for the continued operation of exploration and commercial recovery activities undertaken by United States citizens prior to entry into force of the agreement. The Administrator shall submit to the Congress, within one year after the date of such entry into force, a report on the actions taken by the Administrator under this section, which report shall include, but not be limited to— (Da description of the status of deep seabed mining operations of United States citizens under the international agreement; and (2) an assessment of whether United States citizens who were engaged in exploration or commercial recovery on the date such agreement entered into force have been permitted to continue their operations. SEC. 203. PROTECTION OF INTERIM INVESTMENTS.
Status of negotiations, report to Congress.
In order to further the objectives set forth in section 201, the Administrator, not more than one year after the date of enactment of this Act— (1) shall submit to the Congress proposed legislation necessary for the United States to implement a system for the protection of interim investments that has been adopted as part of an international agreement and any resolution relating to such international agreement; or (2) if a system for the protection of interim investments has not been so adopted, shall report to the Congress on the status of negotiations relating to the establishment of such a system.
30 USC 1444.
SEC. 204. DISCLAIMER OF OBLIGATION TO PAY COMPENSATION.
Proposed legislation, submittal to Congress.
Sections 201 and 202 of this Act do not create or express any legal or moral obligation on the part of the United States Government to compensate any person for any impairment of the value of that person's investment in any operation for exploration or commercial recovery under title I which might occur in connection with the entering into force of an international agreement with respect to the United States.
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