Amends the Transportation Cooperation Act of 1971, the Department of Transportation Law of the Civil Administrative Code of Illinois, the Bi-State Development Agency Act, and the Regional Transportation Authority Act. Provides that a railroad passenger service, a Transportation Service Association, the Department of Transportation, the Regional Transportation Authority, the Chicago Transit Authority, and the Commuter Rail Division of the Regional Transportation Authority shall issue an annual report on or before December 31 of each year containing all rail safety recommendations made by the National Transportation Safety Board during the previous 12 months and the status of the entity's implementation of those recommendations. Provides that the Federal Railroad Corporation (also known as Amtrak) and the Bi-State Development Agency may issue a similar report. Provides that a report issued under the provisions shall be made publicly available on the website of the entity. Effective July 1, 2024.