It is DOA in the senate.
As it is we end up controlling more space on Earth than we can imagine just from our ownership of thousands of Pacific Islands.
For the most part the Law of the Sea provisions are pie in the sky imaginings and have little effect on whatever it is we want to do including sending nuclear submarines wherever we feel the need.
At the time this was first thought up the big deal was "tugsten nodules" ~ the Leftwingtards thought that by internationalizing tungsten nodules and mining them, with a tax paid to the UN, the American and European use of lightbulbs alone would raise third-world standards rapidly.
Well, you see what happened to tungsten lightbulbs ~ they've been displaced by CFLs, still, buying incandescent bulbs continues to play into the hands of the Globalists who still have in mind taxing tungsten nodules~