The bill focuses on managing flood risks and storm damage with nonstructural features like elevation and floodproofing, excluding property acquisition for structural features. It emphasizes the equal consideration of nonstructural features in feasibility studies, improving the Corps of Engineers' planning efficiency, verifications, and implementation reporting. It prohibits project pauses and offers phased implementation. Voluntary property acquisition, structure relocation, and demolition are covered, with provisions for temporary housing and moving expenses. Low-income owner-occupants may receive supplemental payments. The bill also specifies requirements for structure elevation, cost-sharing, and the allowance for non-Federal interests to implement nonstructural features in ongoing or future projects.