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The Congress can make informational resources available to aid in the creation
and operation of successful water-management initiatives. For example, the water
markets which presently exist in the western states lack federal oversight. This
situation has prevented some stakeholders from participating fully in the
decision-making process that approves water right transfers. Federal officials
can aid in the approval process by taking into account the larger societal
effects of water transfers that are beyond the jurisdiction of state officials.
Additionally, technical resources can be made available to create a
clearinghouse of information for potential water-right or effluent-quota
transfers, helping to maximize market efficiency.