Page:United States Statutes at Large Volume 121.djvu/1105

 121 STAT. 1084

PUBLIC LAW 110–114—NOV. 8, 2007

(2) the risk to property; and (3) the comparative risks faced by different regions of the United States. (b) INCLUSIONS.—The report under subsection (a) shall include— (1) an assessment of the extent to which programs in the United States relating to flooding address flood risk reduction priorities; (2) the extent to which those programs may be encouraging development and economic activity in flood-prone areas; (3) recommendations for improving those programs with respect to reducing and responding to flood risks; and (4) proposals for implementing the recommendations. 33 USC 2282a.

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SEC. 2033. PLANNING.

(a) MATTERS TO BE ADDRESSED IN PLANNING.—Section 904 of the Water Resources Development Act of 1986 (33 U.S.C. 2281) is amended— (1) by striking ‘‘Enhancing’’ and inserting the following: ‘‘(a) IN GENERAL.—Enhancing’’; and (2) by adding at the end the following: ‘‘(b) ASSESSMENTS.—For all feasibility reports for water resources projects completed after December 31, 2007, the Secretary shall assess whether— ‘‘(1) the water resources project and each separable element is cost-effective; and ‘‘(2) the water resources project complies with Federal, State, and local laws (including regulations) and public policies.’’. (b) PLANNING PROCESS IMPROVEMENTS.—The Chief of Engineers— (1) shall adopt a risk analysis approach to project cost estimates for water resources projects; and (2) not later than one year after the date of enactment of this Act, shall— (A) issue procedures for risk analysis for cost estimation for water resources projects; and (B) submit to Congress a report that includes any recommended amendments to section 902 of the Water Resources Development Act of 1986 (33 U.S.C. 2280). (c) BENCHMARKS.— (1) IN GENERAL.—Not later than 12 months after the date of enactment of this Act, the Chief of Engineers shall establish benchmarks for determining the length of time it should take to conduct a feasibility study for a water resources project and its associated review process under the National Environmental Policy Act of 1969 (42 U.S.C. 4321 et seq.). The Chief of Engineers shall use such benchmarks as a management tool to make the feasibility study process more efficient in all districts of the Corps of Engineers. (2) BENCHMARK GOALS.—The Chief of Engineers shall establish, to the extent practicable, under paragraph (1) benchmark goals for completion of feasibility studies for water resources projects generally within 2 years. In the case of feasibility studies that the Chief of Engineers determines may require additional time based on the project type, size, cost,

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