A bill to amend the Federal Water Project Recreation Act, relating to the provision of uniform policies with respect to recreation and fish and wildlife benefits and costs of Federal multiple-purpose water resource projects.

Amends the Federal Water Project Recreation Act to declare it the policy of Congress that full consideration be given to outdoor recreation and fish and wildlife enhancement in the planning and construction of water resources development projects, and that such activities shall receive support and encouragement.

Requires such projects to furnish initial and continuing recreation facilities and land and water areas therefor. Directs that such facilities be included in determinations of the economic benefits of such projects.

Sets forth the requirements for the furnishing and administration of land and water areas associated with recreation and fish and wildlife purposes and the cost allocation procedures between Federal and non-Federal interests for such purposes.

Exempts small boat harbor projects, national recreation area projects, and fish and wildlife projects from specified requirements of the Federal Water Project Recreation Act.