EFFECT.

SEC. 1406. EFFECT. Nothing in this subtitle—(1) affects the authority of a Federal agency to modify or terminate grazing permits or leases, except as provided in section 1402;(2) authorizes the use of eminent domain;(3) creates a property right in any grazing permit or lease on Federal land;(4) establishes a precedent for future grazing permit or lease donation programs; or(5) affects the allocation, ownership, interest, or control, in existence on the date of enactment of this Act, of any water, water right, or any other valid existing right held by the United 123 STAT. 1032 States, an Indian tribe, a State, or a private individual, partnership, or corporation.