US SB3732

Authorizes the Secretary of the Interior to provide financial assistance for water storage projects in any Reclamation State, with requirements to distribute funding across multiple states

Expands eligibility for the Small Storage Program to include projects with 200-30,000 acre-feet surface/groundwater capacity or 200-150,000 acre-feet groundwater recharge capacity, and extends program authority from 5 to 10 years

Authorizes $20,000,000 annually for fiscal years 2027-2033 for the Small Storage Program

Creates a new Natural Water Retention and Release Project grant program for projects using natural materials to increase water availability through aquifer recharge, floodplain retention, or altered runoff timing in watersheds with Bureau of Reclamation facilities

Authorizes $15,000,000 annually for fiscal years 2027-2031 for natural water retention projects, with federal cost-share capped at 90% and funds considered nonreimbursable