The Law of the seas treaty A.K.A. L.O.S.T.(reintroduced by 2008 Candidate Joe Biden) The treaty provides universal legal standards for shipping, fishing, and mining and codifies customary navigation and transit principles already followed by most states. Proponents of the convention, including President Bush, say it will enhance U.S. security on the high seas. But a number of conservative lawmakers remain concerned the treaty may harm U.S. industry and hinder counterterrorism efforts. http://www.cfr.org/publication/13851/is_...