PASSENGER RAIL COMPACT

Creates the Midwest Interstate Passenger Rail Compact Act. Provides for a Commission composed of 4 members from each participating state and meeting at least once a year. Provides that the Commission is empowered to perform certain duties concerned with interstate passenger rail improvements. Provides that the Commission shall receive moneys necessary to carry out its functions as appropriated by the participating states. Provides that Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin are eligible to join the compact as well as for a method for other states to join. Provides for a method of withdrawal and default from the compact.