A bill to amend title 23, United States Code, to authorize the use of rights-of-way along Federal-aid highways for the construction of transportation systems that will be part of the Federal-aid highway system.

Directs the Secretary of Transportation to approve State requests to use Federal-aid highway rights-of-way for magnetic levitation (maglev) facilities if such use will not impair the safe and efficient use of the highway project. Prohibits the application of provisions regarding income from airspace rights-of-way to maglev system projects proposed under this Act. Directs the Administrator of the Federal Highway Administration to promulgate regulations to allow States to place and operate high-speed maglev transportation systems along Federal-aid highway rights-of-way.

Authorizes the Assistant Secretary of the Army for Civil Works to conduct research and development activities regarding maglev technology, including the development of a full-scale system suitable for conversion to commercial utilization and, in conjunction with the Department of Transportation and other appropriate Federal agencies, research for development of an advanced high-speed maglev transportation system. Authorizes the Assistant Secretary to enter into contracts or cooperative research and development agreements to fund up to 75 percent of the cost of each collaborative research and development project. Subjects such research and development, and the use of any technology developed under such an agreement, to the Stevenson-Wydler Technology Innovation Act of 1980.

Authorizes appropriations.