Peace Corps Reform Act

[AI summary unavailable — showing source text] Peace Corps Reform Act - Amends the Peace Corps Act to set forth the purposes of the Peace Corps. Creates the Peace Corps Foundation as a government corporation to carry out the purposes of the Peace Corps Act, to terminate on September 30, 1987. Establishes an Advisory Council within the Foundation to evaluate the policies of such Foundation and to advise its Board of Directors. Directs the Foundation to establish procedures to coordinate the programs of other volunteer and development organizations, public, private, and international. Increases the compensation of Peace Corps volunteers. Prohibits assignment of such volunteers to the clerical staffs of Peace Corps representatives abroad. Limits the period of service of a volunteer. Directs the Foundation to establish an organization for former volunteers to assist in the readjustment of volunteers returning to the United States. Permits the spouses of volunteers to receive subsistence benefits. Eliminates the position of "volunteer leader" from the Peace Corps. Exempts certain Peace Corps personnel from civil service requirements. Permits the President to assign Foreign Service and other government personnel to the Peace Corps on…