A bill to authorize the Secretary of the Army to investigate, plan, and construct projects for the control of stream bank erosion.

Authorizes the Secretary of the Army to investigate, plan, and construct projects for the control of streambank erosion in the interests of reducing damages from erosion, the deposition of sediment in reservor and waterways, the destruction of channels and adjucent lands, and other adverse effects of streambank erosion. Authorizes appropriations of $10,000,000 per annum for the construction of projects of which the estimated first cost is less than $500,000. Requires appropriate non-Federal interests to cooperate to the extent necessary to carry out the purposes of this Act.