A bill to amend the Water Bank Act for the purpose of authorizing the Secretary of Agriculture to adjust payment rates with respect to initial conservation agreements and to designate certain areas as wetlands, and for other purposes.

[AI summary unavailable — showing source text] Amends the Water Bank Act to require the Secretary of Agriculture to reexamine payment rates under wetland conservation agreements at the beginning of the fifth year of any ten-year initial or renewal period and to make needed annual adjustments in such rates. Expands the scope of the types of wetlands covered by such Act. Repeals the $10,000,000 calendar-year maximum amount limitation on payments the Secretary may agree to make to landowners and operators in migratory waterfowl nesting and breeding areas.…