Telecommunications Policy Coordination Act of 1987

Telecommunications Policy Coordination Act of 1987 - Establishes an Office of Telecommunications Policy (OTP) in the Executive Office of the President. Directs OTP to: (1) prepare national telecommunications policy options; (2) serve as the principal advisor to the President on telecommunications issues; (3) arbitrate telecommunications policy disputes among Federal agencies; (4) communicate the views of the agencies and the President concerning telecommunications policy to the Federal Communications Commission (FCC) and the Congress; and (5) monitor developments in telecommunications technology. Requires the Director of OTP to: (1) establish an Advisory Committee on Telecommunications Policy; and (2) report to the President and the Congress annually on OTP activities and on emerging trends in telecommunications.

Requires the FCC to report to the President and the Congress on its reasons for taking any final action which is inconsistent with views received from OTP.