This report summarizes the recommendations for new legislation contained in the Analysis of the 1987-88 Budget Bill and The 1987-88 Budget: Perspectives and Issues (P&I). All of the recommendations included in this report are discussed in greater detail within the Analysis and the P&I. This report merely (1) summarizes our analysis of the issues at stake, (2) outlines the contents of the changes in existing law that we recommend, and (3) presents our estimate of the fiscal effect from the proposed legislation.