National Policy and Technology Foundation Act of 1987

National Policy and Technology Foundation Act of 1987 - Establishes, as an independent agency, the National Policy and Technology Foundation to develop and coordinate the collection, analysis, and dissemination through existing information systems of information as it relates to national and international economies, economic and industrial trends, technological advances, and related matters. Requires the Foundation to become a repository of such information and to provide a full array of informational and statistical services as well as monitor the quality of U.S. life through economic and other indicators.

Establishes in the Foundation, in order to facilitate its purposes: (1) a National Policy and Technology Board; (2) an Office of Director of the Foundation; (3) a National Information Office; (4) an Office of National Policy, Analysis, and Assessment; (5) an Office of National Programs; (6) an Office of the Professions; (7) an Office of Institutional and Human Resource Development; (8) an Office of Small Business; and (9) an Office of Intergovernmental Technology and Professions Delivery Systems.

Transfers to the Foundation: (1) the National Bureau of Standards; (2) the Patent and Trademark Office; (3) the National Technical Information Service; (4) the Office of Small Business Research and Development; (5) the Directorate for Engineering; (6) the Division of Industrial Science and Technological Innovation (exclusive of the nonengineering programs of the industry/university cooperative research projects program element) of the National Science Foundation; (7) the Intergovernmental Programs section of the National Science Foundation; (8) the Office of Industrial Technology; (9) the Center for the Utilization of Federal Technology; (10) the Division of Policy Research and Analysis of the National Science Foundation; and (11) functions of the Departments of Energy and Defense, of the National Aeronautics and Space Administration, and of the Public Printer which relate to the sale of Government information to the public.

Transfers to the Foundation all the functions and authorities of the National Science Foundation and the Secretary of Commerce under the Stevenson-Wydler Technology Innovation Act of 1980.

Requires the Foundation to monitor and assess such information, developing indicators and evaluating the impact of such information on current or proposed policy and the impact of policy upon economic indicators. Requires the Foundation to support research and professional development.

States that advisory councils covering the full range of Foundation responsibilities shall be appointed by the Director.

Requires the Director to coordinate Foundation programs with other government and private programs. States that a National Foundation Coordinating Board shall be appointed.

Authorizes the Foundation to award scholarships and graduate scholarships.

Requires the foundation to report biennially to the Congress and the President on the activities, issues, and recommendations of the Council.

Authorizes appropriations for FY 1987.