Intergovernmental Regulatory Relief Act of 1987

[AI summary unavailable — showing source text] Intergovernmental Regulatory Relief Act of 1987 - Title I: Review of Intergovernmental Regulations - Requires the President, within 30 days after submitting the annual Federal budget, to submit to the Congress a report specifying and evaluating the economic costs, noneconomic costs, and additional direct costs to State and local governments of complying with intergovernmental regulations during the most recently completed fiscal year, the fiscal year in progress, and the next two fiscal years. Defines an "intergovernmental regulation" as a Federal regulation that requires a State or local government to take certain actions or to comply with certain conditions in order to receive Federal assistance. Specifies the contents of such report which include: (1) an estimate of the economic and noneconomic benefits that will be provided to each State government and all local governments in such State as a result of compliance with each such regulation during each fiscal year; and (2) proposals for legislation and administrative actions to change regulations in order to reduce compliance costs or to achieve a more favorable balance between costs incurred and benefits received. Directs the Pr…