To amend the Federal Water Pollution Control Act to allow preservation leasing as a form of compensatory mitigation for discharges of dredged or fill material affecting State or Indian land, and for other purposes.

To amend the Federal Water Pollution Control Act to allow preservation leasing as a form of compensatory mitigation for discharges of dredged or fill material affecting State or Indian land, and for other purposes. 1. Preservation leasing of State or Indian land (a) In general Section 404 of the Federal Water Pollution Control Act ( 33 U.S.C. 1344 (u) Preservation leasing of State or Indian land (1) In general The Secretary shall allow a permittee to satisfy compensatory mitigation requirements for a permitted activity by entering into a preservation lease with— (A) a State if the permitted activity affects wetlands that are located in the same watershed as the State land to be leased; or (B) an Indian tribe if the permitted activity affects wetlands that are located in the same watershed as the Indian land to be leased. (2) Preservation lease As used in paragraph (1), a preservation lease is an agreement under which a permittee leases wetlands or other aquatic sites on State or Indian land for the sole purpose of preserving the wetlands or other aquatic sites in an undisturbed state during the term of the lease to mitigate for a permitted activity. (3) Term In order to satisfy compensatory mitigation requirements, the term of a preservation lease may be not less than the life of the permitted activity, and such term shall be adjusted to account for the cessation, in whole or in part, of the impacts caused by the permitted activity. (4) Situations in which permittee ceases to maintain permitted activity (A) Permit modifications If a permittee enters into a preservation lease with a State or Indian tribe under this subsection and subsequently ceases to maintain the permitted activity, or seeks to abandon the permitted activity without a good faith transfer, the permittee shall obtain a permit modification from the Secretary, which may require restoration and rehabilitation of the area. (B) Consultation with State or Indian tribe Before making a determination under subparagraph (A) as to whether, and to what degree, restoration and rehabilitation are required, the Secretary shall consult, and fully consider, the position of the State or Indian tribe that is a party to any preservation lease associated with the permitted activity. (C) Restoration and rehabilitation plans (i) In general If the Secretary determines under subparagraph (A) that restoration and rehabilitation are required, the Secretary may require the permittee to submit to the Secretary and the State or Indian tribe, as appropriate, a plan for conducting the restoration and rehabilitation. (ii) Contents A restoration and rehabilitation plan submitted under clause (i) shall include, at a minimum, goals and objectives, performance standards, and plans for site treatment, reporting, remedial work, and monitoring to ensure that performance standards are met. (D) Reversion of land After activities conducted under a restoration and rehabilitation plan submitted under subparagraph (D)(i) have been completed, and the hydrological functions and fish and wildlife habitat of the area impacted by the permitted activity have been restored pursuant to the restoration and rehabilitation plan, the land subject to the lease shall revert back to the State or Indian tribe, as appropriate, without restriction. (5) Definitions In this subsection, the following definitions apply: (A) Indian land The term Indian land (B) Indian tribe The term Indian tribe 43 U.S.C. 1601 et seq. (C) Permitted activity The term permitted activity (D) Permittee The term permittee (E) State land The term State land . (b) Applicability The amendment made by subsection (a) shall apply to permits issued under section 404 of the Federal Water Pollution Control Act ( 33 U.S.C. 1344

Summary: This bill amends the Federal Water Pollution Control Act (commonly known as the Clean Water Act) to allow a permittee under the Act to satisfy compensatory mitigation requirements for discharging dredged or fill material into the waters of the United States (permitted activity) by entering into a preservation lease with a state or Indian tribe whose wetlands are affected. A preservation lease is an agreement under which a permittee leases wetlands or other aquatic sites on state or Indian land for the sole purpose of preserving the wetlands or other aquatic sites in an undisturbed state during the term of the lease to mitigate for a permitted activity. The term of the lease may not be less than the life of the permitted activity and must be adjusted to account for the cessation of the impacts caused by such activity. If a permittee enters into a preservation lease and subsequently ceases to maintain the permitted activity, or seeks to abandon the permitted activity without a good faith transfer, the permittee must obtain a permit modification from the U.S. Army Corps of Engineers, which may require restoration and rehabilitation of the area.