To establish the Commission on Information Technology and Paperwork Reduction.

Establishes the Commission on Information Technology and Paperwork Reduction in order to minimize the information reporting burden imposed by the Federal Government, consistent with the information needs of the Government for policy purposes. Lists specific Commission functions, which include the study and review of former Commission on Paperwork recommendations for paperwork reduction. Requires a final Commission report to the Congress and the President and action by the Office of Management and Budget on Commission recommendations.