Authorizes the Secretary of the Interior to include a 66- mile segment of the New River Gorge in West Virginia as a component of the National Wild and Scenic Rivers System. Prohibits the Federal Power Commission from licensing project works in the New River Gorge area for three years following the date of enactment of this Act. Prohibits loans or assistance by the United States to construct any adverse water projects in such area. Requires, prior to designating the area as a component of the System, that the Secretary determine that West Virginia officials and subdivisions have taken measures to protect such area through mining and land use regulation. Authorizes appropriations to carry out this Act, not to exceed $2,500,000 for the acquisition and development of lands.