Restoring America's Watersheds Act of 2014

Restoring America's Watersheds Act of 2014 - Directs the Forest Service to establish a Water Source Protection Program within the region of the National Forest System west of the 100th Meridian.

Authorizes the Secretary of Agriculture (USDA) to enter into water source investment partnerships with specified end water users to protect and restore the condition of National Forest watersheds that provide water to non-federal partners.

Allows the Secretary to produce a water source management plan.

Directs the Secretary to establish a Forest Service Legacy Roads and Trails Remediation Program within such region to:

• carry out critical maintenance and urgent repairs and improvements on National Forest System roads, trails, and bridges;
• restore fish and other aquatic organism passage by removing or replacing unnatural barriers to the passage of fish and other aquatic organisms;
• decommission unneeded roads and trails; and
• carry out associated activities.

Requires the Chief of the Forest Service to develop a national strategy to implement the Remediation Program.

Directs the Forest Service to establish a Watershed Condition Framework within such region to:

• evaluate and classify the condition of watersheds,
• identify for restoration up to five priority watersheds in each National Forest and up to two priority watersheds in each national grassland,
• develop a watershed restoration action plan for each priority watershed,
• prioritize restoration activities for each watershed restoration action plan,
• implement each watershed restoration action plan, and
• monitor the effectiveness of restoration actions and indicators of watershed health.

Reauthorizes the Collaborative Forest Landscape Restoration Fund for FY2015-FY2024.