A bill to authorize the Secretary of the Army, acting through the Chief of Engineers, to plan and establish wetland areas in association with water resources development projects.

Authorizes the Secretary of the Army, acting through the Chief of Engineers, to plan and establish wetlands areas in connection with dredging activities required for water resources development projects.

Sets forth criteria for the establishment of such areas, including the requirement that increased project costs shall not exceed $300,000. Stipulates that, in computing the benefit-cost ratio of any such project, that the benefits of establishing any wetland area shall be deemed to be at least equal to the cost.