President Obama signed the Water Resources Reform and Development Act (WRRDA) into law on June 10, 2014.
It is a bi-partisan effort to fix inland waterways in the U.S. and looks to prioritize and reform funding for locks projects. Many of today's locks are 10 to 30 years past their design life and includes vital points along the Mississippi River where much of Iowa's grain is transported.
The Congressional Budget Office estimated the legislation will cost $12.3 billion over the next ten years.
Both the House and Senate passed the bill by overwhelming margins.