The Congress finds that—
States have the responsibility for management of a broad range of living and nonliving resources in State waters and submerged lands; and
included in the range of resources are certain abandoned shipwrecks, which have been deserted and to which the owner has relinquished ownership rights with no retention.
(Pub. L. 100–298, § 2, Apr. 28, 1988, 102 Stat. 432.)