,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #aadi  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ad1 #bjac ,mr4  
,:itfield 7= himself1 ,mr4 ,lip9ski1    
,mr4 ,cassidy1 ,mr4 ,olson1 & ,mr4      
,ba*us7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on               
,transportation & ,infra/ructure1 & 9   
addition to ! ,committee on ,ways &     
,means1 = a p]iod to be subsequ5tly     
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to provide = fund+ =          
con/ruction & major rehabilitation =    
projects locat$ on inl& & intracoa/al   
wat]ways ( ! ,unit$ ,/ates1 & = o!r     
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,wat]ways ,are ,vital = !  
,economy1 ,en]gy1 ,effici5cy1 &         
,environm5t ,act ( #bjac or ! ,,wave#d  
,act4  #b4 ,f9d+s ,congress f9ds !      
foll[+3  7#a7 ,! inl& wat]ways          
navigation sy/em is vital to ! economic 
well-be+ ( ! ,nation4  7#b7 ,en]gy      

reliability & cons]vation are !         
corn]/ones ( ! inl& wat]ways navigation 
sy/em4  7#c7 ,! effici5cy ( ! inl&      
wat]ways navigation sy/em creates !     
optimum transportation mode = bulk      
commodities 9 ! ,unit$ ,/ates4  7#d7 ,! 
inl& wat]ways navigation sy/em provides 
= environm5tal protection & ecosy/em    
su/a9ability4  #c4 ,purposes ,9 ord] to 
ensure cont9u$ safe1 dep5dable1 highly  
co/-effective1 & environm5tally         
su/a9able navigation on ! inl& &        
intracoa/al wat]ways ( ! ,unit$ ,/ates1 
! purposes ( ?is ,act are to--  7#a7    
improve program & project managem5t     
applicable to ! con/ruction & major     
rehabilitation ( navigation projects on 
su* wat]ways2  7#b7 optimize inl&       
wat]ways navigation sy/em reliability2  
7#c7 m9imize ! size & scope ( inl&      
wat]ways navigation project completion  
s*$ules2  7#d7 elim9ate prev5table      
delays 9 inl& wat]ways navigation       
project completion s*$ules2 &  7#e7 make
 inl& wat]ways navigation capital       

inve/m5ts ?r\gh use ( prioritization    
crit]ia t seek to maximize sy/em-wide   
b5efits & m9imize ov]all sy/em risk4    
#d4 ,def9itions ,9 ?is ,act3  7#a7      
,qualify+ project ,! t]m qualify+       
project means any con/ruction or major  
rehabilitation project = navigation     
infra/ructure ( ! inl& & intracoa/al    
wat]ways t is--  7,a7 au?oriz$ be=e1 on1
 or aft] ! date ( enactm5t ( ?is ,act2  
7,b7 n complet$ z ( ! date ( enactm5t ( 
?is ,act2 &  7,c7 fund$ at lea/ 9 "p f !
 ,inl& ,wat]ways ,tru/ ,fund4  7#b7     
,major rehabilitation project ,! t]m    
major rehabilitation project means a    
project = ! re/oration ( a major project
 or major project feature t has an      
e/imat$ co/ great] ?an #ajj1jjj1jjj4    
#e4 ,project deliv]y process re=ms ,!   
,secret>y ( ! ,army1 act+ ?r\gh ! ,*ief 
( ,eng9e]s1 %all require ! foll[+3  7#a7
 ,=mal project managem5t tra9+ &        
c]tification = project manag]s ( a      
qualify+ project4  7#b7 ,assignm5t z    
project manag]s = a qualify+ project    

only ( p]sonnel fully c]tifi$ by ! ,*ief
 ( ,eng9e]s4  7#c7 ,co/ e/imation t is  
risk-bas$ & has a confid5ce level ( at  
lea/ #hj p]c5t = a qualify+ project4    
7#d7 ,indep5d5t ext]nal pe] review &    
submission to ,congress 79 ! case ( a   
feasibility report7 or ! ,secret>y 79 ! 
case ( a rehabilitation evaluation      
report7 = any qualify+ project--  7,a7  
t--  7i7 has an e/imat$ total project   
co/ great] ?an #de1jjj1jjj2  7ii7 is    
subject to public safety conc]ns1 z     
det]m9$ by ! ,*ief ( ,eng9e]s2  7iii7   
involves a high level ( complexity or   
novel or prec$5t-sett+ approa*es1 z     
det]m9$ by ! ,*ief ( ,eng9e]s2 or  7iv7 
is id5tifi$ by ! ,*ief ( ,eng9e]s z a   
matt] ( significant int]ag5cy int]e/2 or
  7,b7 = :i* su* a review has be5       
reque/$ by ! ,gov]nor ( any ,/ate       
affect$ by ! project4  7#e7 ,appo9tm5t  
to a project developm5t team = a        
qualify+ project ( a memb] ( ! ,inl&    
,wat]ways ,us]s ,bo>d1 select$ by !     
,*airman ( ! ,us]s ,bo>d4  7#f7         

,communication qu>t]ly to ! ,inl&       
,wat]ways ,us]s ,bo>d ( ! /atus ( a     
qualify+ project t is "u con/ruction4   
7#g7 ,inclusion ( ! ,*airman ( ! ,inl&  
,wat]ways ,us]s ,bo>d & ! project       
developm5t team appo9tee "u p>agraph    
7#e7 z signatories ( ! project managem5t
 plan = a qualify+ project4  7#h7       
,e/abli%m5t ( a sy/em to id5tify & apply
 on a cont9u+ basis lessons le>n$ f     
prior or ongo+ projects s z to improve !
 likelihood ( on-"t & on-budget         
completion ( qualify+ projects4  7#i7   
,evaluation1 includ+ ?r\gh use ( "o or m
 pilot projects1 ( e>ly contractor      
involvem5t acquisition proc$ures to     
improve on-"t & on-budget project       
deliv]y p]=mance4  7#aj7 ,su* additional
 measures t ! ,secret>y det]m9es w      
a*ieve ! purposes ( ?is ,act1 includ+1 z
 det]m9$ appropriate by ! ,secret>y--   
7,a7 implem5tation ( applicable         
practices & proc$ures drawn f !         
,secret>y's managem5t ( ! milit>y       
con/ruction program2  7,b7 creation ( "o

 or m c5t]s ( exp]tise = ! design &     
review ( qualify+ projects2  7,c7       
developm5t & use ( a portfolio ( /&>d   
designs = inl& navigation locks2  7,d7  
use ( full-fund+ contracts or =mulation 
( a revis$ cont9u+ contracts clause2 &  
7,e7 e/abli%m5t ( proc$ures = recomm5d+ 
new project con/ruction />ts us+ a      
capital projects bus9ess model4  #f4    
#bj-ye> capital inve/m5t program  7a7   
,program requir$ ,n lat] ?an #a ye> aft]
 ! date ( enactm5t ( ?is ,act1 !        
,secret>y ( ! ,army1 work+ 9 conjunction
 ) ! ,inl& ,wat]ways ,us]s ,bo>d1 %all  
submit to ,congress a #bj-ye> program = 
mak+ capital inve/m5ts on ! inl& &      
intracoa/al wat]ways bas$ on application
 ( objective national project-selection 
prioritization crit]ia1 z develop$ by ! 
,secret>y4 ,su* program may be bas$ on !
 #bj-ye> capital inve/m5t /rategy       
conta9$ 9 ! ,inl& ,m>9e ,transportation 
,sy/em 7,,imts7 ,capital ,projects      
,bus9ess ,model1 ,f9al ,report publi%$  
on ,april #ac1 #bjaj1 z approv$ by !    

,inl& ,wat]ways ,us]s ,bo>d4  7b7       
,annual review & update ,beg9n+ n lat]  
?an #a ye> aft] ! date on :i* a #bj-ye> 
program is submitt$ to ,congress "u     
subsection 7a71 & ea* ye> !reaft]1 !    
,secret>y ( ! ,army1 work+ 9 conjunction
 ) ! ,inl& ,wat]ways ,us]s ,bo>d1 %all  
submit to ,congress an updat$ #bj-ye>   
program4 ,su* updat$ program %all       
include id5tification & explanation (   
any *anges t 7 made to ! prior ye>'s    
project-specific recomm5dations1 includ+
 any *anges t 7 made to ! objective     
national project-selection              
prioritization crit]ia t 7 us$ to       
develop ! updat$ recomm5dations4  7c7   
,/rategic review & update ,n lat] ?an #e
 ye>s aft] ! date ( enactm5t ( ?is ,act1
 & e #e ye>s !reaft]1 ! ,secret>y ( !   
,army1 work+ 9 conjunction ) ! ,inl&    
,wat]ways ,us]s ,bo>d1 %all submit to   
,congress a /rategic review ( ! capital 
inve/m5t program = ! ,inl& ,m>9e        
,transportation ,sy/em & make su*       
revisions to ! program z ! ,secret>y &  

,us]s ,bo>d jo9tly consid] appropriate4 
#g4 ,co/ %>+ = qualify+ projects  7a7   
,g5]al rule ,not)/&+ any o!r provision (
 law1 & subject to subsection 7b71      
"o-half ( ! co/ ( con/ruction ( a       
qualify+ project %all be paid only f    
am\nts appropriat$ f ! g5]al fund ( !   
,treasury1 & "o-half ( su* co/s %all be 
paid only f am\nts appropriat$ f ! ,inl&
 ,wat]ways ,tru/ ,fund4  7b7 ,special   
rule = dams ,not)/&+ subsection 7a71 !  
co/ ( con/ruction ( a dam %all be paid  
only f am\nts appropriat$ f ! g5]al fund
 ( ! ,treasury4  #h4 ,limitation on     
exp5ditures f ! ,inl& ,wat]ways ,tru/   
,fund ,section #iejf ( ! ,int]nal       
,rev5ue ,code ( #aihf is am5d$--  7#a7 9
 subsection 7c77#a71 by--  7,a7 ins]t+ &
 subject to subsection 7d71 aft] ,except
 z provid$ 9 p>agraph 7#b712 &  7,b7    
/rik+ 1 z 9 effect on ! date ( !        
enactm5t ( ?is section & ins]t+ 1       
provid$ t su* exp5ditures may n exce$   
#ej p]c5t ( ! total co/ ( ! con/ruction 
or rehabilitation2 &  7#b7 by ins]t+ at 

! end ! foll[+3  7d7 ,limitation on     
exp5ditures f tru/ fund  7#a7 ,am\nts 9 
! ,inl& ,wat]ways ,tru/ ,fund %all n be 
available = exp5ditures =--  7,a7       
con/ruction or rehabilitation ( dams2 or
  7,b7 any rehabilitation exp5diture t  
does n equal or exce$ #ajj1jjj1jjj4     
7#b7 ,am\nts 9 ! ,inl& ,wat]ways ,tru/  
,fund may n be us$ to pay = any "p ( !  
co/ to con/ruct an au?oriz$ ,f$]al      
project t exce$s ! sum (--  7,a7 ! total
 au?oriz$ co/ to con/ruct ! ,f$]al      
project z specifi$ 9 ! ,public ,law t   
au?oriz$ con/ruction ( ! project or1 9 !
 case ( a rehabilitation project1 9 !   
relevant rehabilitation evaluation      
report2  7,b7 an adju/m5t = inflation = 
! "t t elapses betwe5 ! date ( !        
project's au?orization & ! date on :i*  
con/ruction ( ! project beg9s2 &  7,c7  
an additional am\nt1 if any1 jo9tly     
agre$ to by ! ,secret>y & ! ,inl&       
,wat]ways ,us]s ,bo>d z appropriate to !
 project4  4  #i4 ,revision to inl&     
wat]ways us] fee ,section               

#djdb7;b77#b77;,a7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ to read z foll[s3
  7,a7 ,! ,inl& ,wat]ways ,tru/ ,fund   
f9anc+ rate is ! rate det]m9$ 9         
accordance ) ! foll[+ table3  ,! tax p] 
,if ! use occurs3 gallon is3  ,dur+     
#bjacbj c5ts  ,aft] #bjacbf c5ts  4