A bill to amend the Water Resources Development Act of 1986 relating to cost sharing.

Amends the Water Resources Development Act of 1986 to provide that the cost sharing provisions do not apply to: (1) the construction of harbors with a depth of 20 feet or less; (2) certain flood control projects in Arkansas within the boundaries of the watersheds of the Mississippi River and tributaries; and (3) the feasibility studies, planning, engineering, and design of such flood control projects.