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Law of the Sea Treaty approved by Senate Committee.(Inside Track)
The Senate Foreign Relations Committee approved the ratification of the Law of the Sea Treaty (LOST) on October 31, 2007, by a vote of 17-4. The treaty, which is now a quarter of a century old, was first opened for signatures in 1982 but was opposed by President Ronald Reagan. In 2004, the Senate Foreign Relations Committee unanimously supported the treaty, but it never was presented to the full Senate for a floor vote.
LOST entered into force in 1994 and has been ratified by 153 countries. The treaty gives the UN complete jurisdiction over the oceans, including the ocean floor with all its resources, along with the power to regulate 70 percent of the world's surface.
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Source: HighBeam Research, Law of the Sea Treaty approved by Senate Committee.(Inside Track)