Resolution endorsing the goals being sought by U.S. delegation to the United Nations Seabed Committee in preparing for the Law of the Sea Conference.

Makes it the sense of the House that it endorses the following goals now being sought by the United States delegation to the United Nations Seabed Committee in preparation for the Law of the Sea Conference: (1) the protection of the freedom of the seas, beyond twelve-mile territorial seas, for navigation, communication, and scientific research; and the protection of free transit through international straits; (2) in any economic intermediate zone under the management of coastal States, which may be agreed upon beyond the territorial sea, the recognition of international community rights with respect to: (A) protection against ocean pollution, (B) compulsory settlement of disputes, (C) assuring the integrity of investments, (D) protecting other uses of the oceans, and (E) sharing of royalty revenues, particularly for economic assistance to developing countries; (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 both the interests of developing countries, and those of developed countries in secure investment conditions; and (4) the conservation and protection of ocean life, with fisheries regulated for maximum sustainable yield, with coastal State management of coastal and anadromous species, and international management of such migratory species as tuna.

Declares that the United States delegation to the United Nations Seabed Committee preparing for the Law of the Sea Conference be commended for its excellent work, and encouraged to continue to work diligently for speedy agreement on ocean treaties embodying the goals stated above.