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.