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licenses under this Act. No such license may be issued until 
the Secretary determines— 
“(1) that the applicant is financially responsible 
and has demonstrated the ability to comply with ap- 
plicable laws, regulations, and license conditions; | 
(2) that the operations under the license will not 
unreasonably interfere with other reasonable uses of the 
high seas, as defined by any treaty or convention to 
which the United States is signatory, or by customary 
international law; 
““(3) that the issuance of a license does not conflict 
with any obligations of the United States, established by 
treaty or other international agreement; and 
““(4) that operations under the license will not pose 
an unreasonable threat to the integrity of the marine 
environment and that all reasonable precautions will be 
taken to minimize any adverse impact on that environ- 
ment. 
“(b) NaTurE AND DurRATION oF License.— (1) Any 
license issued pursuant to this Act shall be exclusive as 
against all persons subject to the jurisdiction of the United 
States, and shall authorize development of the hard mineral 
resources of the deep seabed for specified blocks thereof, 
pending adoption, and ratification by the United States, of 
an international agreement covering the same activity: 
