INLAND WATERWAY PROJECTS.

SEC. 1126. INLAND WATERWAY PROJECTS. (a) In General.—Section 102(a) of the Water Resources Development Act of 1986 (33 U.S.C. 2212(a)) is amended— (1) in the matter preceding paragraph (1), by striking “65 percent of the costs” and inserting “75 percent of the costs”; and (2) in the second sentence, by striking “35 percent of such costs” and inserting “25 percent of such costs”. (b) [33 U.S.C. 2212 note] Application.—The amendments made by subsection (a) shall apply beginning on October 1, 2024, to any construction of a project for navigation on the inland waterways that is new or ongoing on or after that date.