A bill to grant to each coastal State mineral rights in the subsoil and seabed of the Outer Continental Shelf extending to a line which is 12 miles from the coast of such State, and for other purposes.

Grants to each coastal State the mineral rights in the subsoil and seabed of the Outer Continental Shelf extending to a line which is twelve miles from the coast of such State. Requires States to file with the Secretary of the Interior notification of acceptance of such grant and an agreement to take such grant subject to various conditions. Directs the President to appoint an advisory commission for the purpose of consulting with the governments of Mexico and Canada and making recommendations to the President, within a year after enactment, with respect to the mutual boundary extending seaward from the coast between each country and the United States.