A bill to preserve and promote the resources of the Connecticut River Valley, and for other purposes.

[AI summary unavailable — showing source text] Declares the policy of the Congress to preserve and promote the natural, cultural, historic, and other values of the Connecticut River Valley. Establishes the Connecticut Historic Riverway to provide for the conservation of such values for the public's use and enjoyment. Provides that such riverway shall be composed of the Mount Holyoke unit together with other areas as authorized. Limits the total acreage of land and water of such unit to no more than 13,150 acres. Authorizes the Secretary of the Interior to acquire lands, waters, and interests therein, in the Mount Holyoke unit, and specifies that the acquisition and development authority of the Secretary shall be in accordance with the Acquisition Zoning Plan, Connecticut Historic Riverway-Mount Holyoke unit and with the provisions of this Act. Directs the Secretary to issue regulations specifying approval standards for municipal ordinances affecting the Private Use and Development Zone of such zoning plan which are consistent with the provisions of this Act. Permits owners of improved property within the riverway but not acquired under this Act to elect to retain a right of use and occupancy of such property for noncommercial p…