Midwest and Northeast Rail System Development Act

[AI summary unavailable — showing source text] Midwest and Northeast Rail System Development Act - Declares it to be the purpose of this Act to restructure the present rail system in the Midwest and Northeast regions of the United States in order to meet the present and future needs for rail transportation. Sets forth the definitions of terms used in this Act. Establishes, in the Interstate Commerce Commission, the Rail Emergency Planning Office, which shall conduct the initial investigation of the present rail transportation system in the rail emergency region and prepare, publish and submit reports on preliminary and final restructuring plans and recommendations for bringing into existence in the rail emergency region the restructured rail system. Sets forth the term of office and compensation of the director of the office. Enumerates the powers of the director. Establishes an Advisory Council for the Rail Emergency Region to assist the office and the Commission. Prescribes the membership composition of such council. Requires the Secretary of Transportation to submit to the commission and the office a report which contains his conclusions concerning essential rail services in the rail emergency region. Provides that the initi…