Requires the utilities and transportation commission to: (1) Develop a plan to consolidate and assume regulatory authority over railroad operations, programs, regulations, and safety to the maximum extent permitted by federal law; and

(2) Consult with the department of transportation, the department of labor and industries, local authorities, federal agencies, and representatives from railroads and their labor organizations to determine the most comprehensive and efficient process to develop the plan.

Requires the department of transportation and the department of labor and industries to cooperate fully with the utilities and transportation commission in the development of the plan.