Resolution on U.S. oceans policy at the Law of the Sea Conference.

Declares that the House of Representatives endorses the following objectives, envisioned in the President's ocean policy statement of May 23, 1970, and now being pursued by the United States delegation to the Seabed Committee preparing for the Law of the Sea Conference: (1) protection of the freedom of the seas, beyond a twelve-mile territorial sea, for navigation, commerce, transportation, communication, and scientific research, and the free transit through and over international straits; (2) recognition of the following international community interests: (a) protection from ocean pollution, (b) assurance of the integrity of investments, (c) substantial sharing of revenues derived from exploitation of the seabed, particularly for economic assistance to developing countries, (d) compulsory settlement of disputes, and (e) protection of other reasonable uses of the oceans beyond the territorial sea, including any economic intermediate zone; (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 the interests both of developing and of developed countries; and (4) conservation and protection of living resources, with fisheries regulated for maximum sustainable yield, with coastal state mangement of coastal species and host state management of anadromous species, and international management of such migratory species as tuna.

Declares that the House of Representatives commends the United States delegation to the Seabed Committee preparing for the Law of the Sea Conference for its excellent work, and encourages the delegation to continue to work diligently for early agreement on an ocean treaty embodying the goals stated, this resolution.