To direct the Secretary of the Interior to replace the U.S. Fish and Wildlife Service as the Federal agency responsible for the administration, protection, and preservation of Midway Atoll, and for other purposes.

Directs the Secretary of the Interior to: (1) review the administration of Midway Atoll and the designation of the Atoll as a national memorial to the Battle of Midway; (2) designate an agency within the Department of the Interior to replace the U.S. Fish and Wildlife Service as administrator of the Atoll and developer of the memorial; and (3) provide for public access to the Atoll in the most cost-effective manner available.

Requires that the memorial be given equal consideration with concerns over the preservation of wildlife in all matters related to the administration, development, and preservation of the Atoll.