The bill aims to impact water-related projects and programs by funding large-scale water recycling, reauthorizing a water conveyance improvement program, and focusing on enhancing water resources in Reclamation States. It emphasizes multi-benefit conveyance projects for water supply, low-income community drinking water, and environmental benefits, with a 30% federal cost share. The bill sets funding for conveyance and recycling projects as well as actions benefiting endangered species and habitats. It also includes criteria for project selection, caps federal funds for new facilities, and emphasizes efficient project processes and reducing backlogs. The bill outlines funding and reauthorization for water projects and includes provisions for deauthorizing inactive projects, with exceptions for vital ones.