This Act may be cited as the Restoring America’s Floodplains Act.

Section 403 of the Agricultural Credit Act of 1978 (16 U.S.C. 2203U.S. Code — Title 16, Section 2203View official source on GovInfo) is amended— (1) in subsection (a)— (A) by striking the subsection designation and heading and all that follows through The Secretary and inserting the following: (a) Authorizations (1) In general The Secretary; and (B) by adding at the end the following: (2) Easement restoration The Secretary may provide financial and technical assistance for restoring adapted vegetative cover and the hydrologic functions and values of wetlands on floodplain easements acquired under paragraph (1). (3) Easement management The Secretary shall have sole discretion for entering into compatible-use agreements with landowners and agreements with government agencies or nongovernmental organizations to address maintenance and management of the vegetative cover and wetlands restoration measures on floodplain easements acquired under paragraph (1).; and (2) in subsection (b), by striking the subsection designation and heading and all that follows through the The Secretary in the matter preceding subparagraph (A) of paragraph (1) and inserting the following: (b) Modification and termination of floodplain easements (1) In general The Secretary.