To amend the Infrastructure Investment and Jobs Act to authorize the use of funds for certain additional Carey Act projects, and for other purposes.

HR 2694 amends the Infrastructure Investment and Jobs Act to allow funds designated under section 40901(2)(B) to be used for rehabilitating, reconstructing, or replacing dams developed under the 1894 Carey Act (43 U.S.C. 641). This directly affects irrigation dams in western states that were built under the Carey Act and continue to operate as dams. The bill adds a new provision requiring the Secretary to use these funds for such projects after making specific determinations about funding availability and project readiness. It does not create new funding but modifies how existing funds can be allocated for these specific historic infrastructure projects. The change is procedural, focusing on eligibility rules within the current law.