1. Land exchange involving Cape Cod National Seashore (a) Authorization of exchange If title acceptable to the Secretary of the Interior, acting through the National Park Service (referred to hereafter in this section as the Secretary ), for non-Federal land defined in subsection (b)(1) is conveyed to the United States, the Secretary shall convey to the owner of the non-Federal land, subject to valid existing rights, all right, title, and interest of the United States in and to the Federal land defined in subsection (b)(2). (b) Land descriptions (1) Federal land The term Federal land means the approximately 1.09 acres of land depicted as Tract 22-4556 on the map titled United States Department of the Interior, National Park Service, Northeast Region, Cape Cod National Seashore and dated October 20, 1963, Sheet 202-22A. (2) Non-Federal land The term non-Federal land means the approximately 1.02 acres of land depicted as Tract 26-4653 on the map titled United States, Department of the Interior, National Park Service, Northeast Region, Cape Cod National Seashore and dated October 27, 1964, Sheet 202-26. (c) Acceptable title Title to the non-Federal land conveyed to the United States under subsection (a) shall be such title as is acceptable to the Secretary, in conformance with title approval standards applicable to Federal land acquisitions. (d) Applicable laws; terms and conditions The exchange under this section shall be subject to— (1) the laws (including regulations) and policies applicable to exchanges of land administered by the National Park Service, including the laws and policies concerning equalization of values, and environmental compliance