To establish a National Magnetic Levitation Design Program, and for other purposes.

[AI summary unavailable — showing source text] Establishes a National Magnetic Levitation Design Program to be managed jointly by the Secretary of Transportation (Secretary) and the Assistant Secretary of the Army for Civil Works (Assistant Secretary). Directs the Secretary and the Assistant Secretary to establish a National Magnetic Levitation Joint Project Office (Maglev Project Office). Requires them to develop and transmit to specified congressional committees a national strategic plan (including consideration of high speed rail) for the design and construction of a national magnetic levitation surface transportation system. Authorizes eligible participants to submit to the Maglev Project Office a proposal for research and development (R and D) of a conceptual design for a magnetic levitation system and an application for a grant to conduct such R and D. Directs the Secretary and Assistant Secretary to: (1) award one-year phase-one R and D grants to no less than six applicants which must provide for the ten percent non-Federal share of the grant costs; (2) select not more than three participants to receive one-year phase-two grants for R and D leading to a final design for a magnetic levitation system if they agree to provi…