https://extension.okstate.edu/fact-sheets/whose-water-is-it-...
Completely overhauling property rights for half of a continent doesn’t come without major resistance. We’re still recovering from the last that that was done.
It’s just not as simple a problem as we’d all like it to be, and it’s not because this senator is in that rancher’s pocket.
This is essentially in the same class of situation as the government deciding to nationalize everyone's private home to solve some Important Problem. There isn't a realistic version of the world where that is a politically viable solution and the costs would be intractably high.
Changing the laws is not something that just happens and solves everything. If we're fixing legal doctrines from westward expansion of the US there is a lot to fix. I'd propose taking back the patchworks of land gifted to the railroads, or at least forcibly consolidate them into contiguous blocks.
Maybe those water rights should be given to the tribes who used to live in the watersheds. Let them set the prices.