This Act may be cited as the Saving Rural Reservoirs Act.

Section 14(a) of the Watershed Protection and Flood Prevention Act (16 U.S.C. 1012(a)U.S. Code — Title 16, Section 1012(a)View official source on GovInfo) is amended— (1) in paragraph (2), in the matter preceding subparagraph (A), by inserting a covered dam or before a work of improvement; and (2) by adding at the end the following: (4) Covered dam The term covered dam means— (A) an eligible high hazard potential dam (as such term is defined in section 2 of the National Dam Safety Program Act (33 U.S.C. 467U.S. Code — Title 33, Section 467View official source on GovInfo)); or (B) any dam— (i) located in a town with a population of less than 5,000 people; and (ii) for which more than 50 percent of the total volume of the embankment of the dam is formed of compacted earth layers..