; and (3) in paragraph (6), as so redesignated, by striking paragraph (1) and inserting paragraph (5) each place it appears. (b) Level of restoration Section 403 of the Agricultural Credit Act of 1978 ( 16 U.S.C. 2203 ) is amended by adding at the end the following: (c) Level of restoration In carrying out this section, the Secretary may undertake measures that increase the level of protection above that which would be necessary to address the immediate impairment of the watershed if the Secretary determines that such restoration is in the best interest of the long-term health of the watershed and the long-term protection of the watershed from repetitive impairments. . 2408. National agriculture flood vulnerability study Not later than 2 years after the date of enactment of this Act, the Secretary shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a national agriculture flood vulnerability report containing the results of a Conservation Effects Assessment Project assessment of flood risk on agricultural lands, including— (1) an analysis of economic losses of crops and livestock resulting from flooding under different recurrence scenarios; (2) an analysis of the downstream effects of mitigation activities carried out as part of a watershed management approach; (3) an analysis of available Federal and State data relating to flood risk, as applicable to agricultural land, including data relating to riverine flooding, coastal flooding, storm surge, extreme precipitation, and flash flooding