This bill amends the Water Resources Development Act of 1986 to modify cost-sharing requirements for U.S. territories and Indian Tribes participating in federally funded water infrastructure projects. Currently, the law caps waivers of local cost-sharing obligations at $200,000, but this bill removes that dollar limit, allowing for potentially greater federal support of water projects in territories and tribal lands. The legislation also streamlines the law's language by removing redundant provisions and reorganizing subsections for clarity. The bill was introduced in May 2024 by Representatives Moylan, Peltola, and González-Colón and referred to the House Transportation and Infrastructure Committee. No specific funding amounts or implementation timeline are outlined in the text provided.