33 U.S.C. § 2282a: Planning

shall adopt a risk analysis approach to project cost estimates for water resources projects; and issue procedures for risk analysis for cost estimation for water resources projects; and submit to Congress a report that includes any recommended amendments to section 2280 of this title . Not later than 12 months after November 8, 2007 , the Chief of Engineers shall establish benchmarks for determining the length of time it should take to conduct a feasibility study for a water resources project and its associated review process under the National Environmental Policy Act of 1969 ( 42 U.S.C. 4321 et seq.). The Chief of Engineers shall use such benchmarks as a management tool to make the feasibility study process more efficient in all districts of the Corps of Engineers. The Chief of Engineers shall establish, to the extent practicable, under paragraph (1) benchmark goals for completion of feasibility studies for water resources projects generally within 2 years. In the case of feasibility studies that the Chief of Engineers determines may require additional time based on the project type, size, cost, or complexity, the benchmark goal for completion shall be generally within 4 years. a calculation of the residual risk of flooding following completion of the proposed project; a calculation of the residual risk of loss of human life and residual risk to human safety following completion of the proposed project; a calculation of any upstream or downstream impacts of the proposed project; and calculations to ensure that the benefits and costs associated with structural and nonstructural alternatives are evaluated in an equitable manner. The Secretary may establish centers of expertise to provide specialized planning expertise for water resources projects to be carried out by the Secretary in order to enhance and supplement the capabilities of the districts of the Corps of Engineers. provide technical and managerial assistance to district commanders of the Corps of Engineers for project planning, development, and implementation; provide agency peer reviews of new major scientific, engineering, or economic methods, models, or analyses that will be used to support decisions of the Secretary with respect to feasibility studies for water resources projects; provide support for independent peer review panels under section 2343 of this title ; and carry out such other duties as are prescribed by the Secretary. The Secretary shall consolidate deep draft navigation expertise within the Corps of Engineers into a deep draft navigation planning center of expertise. Not later than 60 days after the date of the consolidation required under subparagraph (A), the Secretary shall submit to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a list of the grade levels and expertise of each of the personnel assigned to the center described in subparagraph (A). that, as determined in coordination with the non-Federal interest for the project, promote integrated water resources management; and for which the non-Federal interest is willing to provide the non-Federal share for the studies or assessments. The alternatives contained in studies and assessments described in subparagraph (A) shall not be constrained by budgetary or other policy. The reports of the Chief of Engineers shall identify any recommendation that is not the best technical solution to water resource needs and problems and the reason for the deviation. shall not be delayed while consideration is being given to potential changes in policy or priority for project consideration; and the Committee on Environment and Public Works of the Senate; and the Committee on Transportation and Infrastructure of the House of Representatives. review the report; and provide any recommendations of the Secretary regarding the water resources project to Congress. Not later than 180 days after November 8, 2007 , with respect to any report of the Chief of Engineers recommending a water resources project that is complete prior to November 8, 2007 , the Secretary shall complete review of, and provide recommendations to Congress for, the report in accordance with paragraph (1).