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B-174316 1 (1979-05-24)

handle is hein.gao/gaobabjnr0001 and id is 1 raw text is: COMPTROLLER GENERAL OF THE UNITED STATES WASHINGTON. D.C. 20548 B-174316 May 24, 1979 The Honorable John M. Murphy Chairman, Committee on Merchant IO Marine and Fisheries 0 House of Representatives Dear Mr. Chairman: This letter responds to your March 14, 1979 request for GAOW 1omments on H.R. 27593 96th Congress, which,'if enacted, wou. be cited as the Deep Seabed Hard Mineral Resources Act. The purposes of H.R. 2759 are to (1) establish an interim program to encourage and regulate the development of hard min- eral resources of the deep seabed by United States citizens, pending the entering into force with respect to the United States of a superseding international agreement relating to such activities; (2) insure that the development of hard mineral resources of the deep seabed are conducted in a manner which will encourage the orderly and efficient develop- ment of such resources, will protect the environment, and will promote the safety of life and property at sea; (3) to encourage the successful negotiation of a comprehensive inter- national Law of the Sea Treaty which will give legal definition to the principle that mineral resources of the deep seabed are the common heritage of mankind; and, pending the entering into force of such a treaty to provide for the establishment of a special fund the proceeds of which shall be used for sharing with the international community pursuant to such treaty; and (4) to allow the continued development of technology necessary to develop the hard mineral resources of the deep seabed as soon as possible. H.R. 2759 represents, as compared to previous similar bills on which GAO has testified, an improved legislative mechanism for guiding the orderly development of deep seabed mineral resources. It incorporates a number of concepts previously suggested by GAO, though it still reflects defi- ciencies which cause us serious concern. Before discussing them, it is worthwhile to reiterate the basic principals which GAO believes should guide U.S. action regarding deep seabed mineral resources. First, we believe ... .........

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