Marine Science, Engineering, and Resource Development Act - Declares it to be the policy of the United States to develop and maintain a national program in marine science, engineering and resource development. Declares that such program shall coordinate development of the resources of the marine environment; expand human knowledge of the marine environmentl and encourage private enterprise in economic utilization of the resources of the marine environment.

Establishes, in the Executive Office of the President, the National Council on Marine Science, Engineering, and Resource Development. List the members of such council. Makes it the duty of the President, with the advise and assistance of such council, to: (1) survey significant marine science activities of the United States Government; (2) develop a comprehensive program of marine activities; (3) undertake a comprehensive study of new legal problems arising out of the use of the marine environment; (4) review annually all Federal Government marine science activities.

Declares that such council shall establish an Advisory Pannel on Marine Science, Engineering, and Resource Development. Provides that such pannel be composed of members of the National Advisory Committee on Oceans and the Atmosphere and members of the Congress. Directs such panel to review the activities of the Council on Marine Science, Engineering, and Resource Development. Directs the President to transmit to the Congress an annual report of the activities of the Council.

Authorizes to be appropriated such sums as may be necessary to carry out the provisions of this Act.