A bill to improve the administration of the Federal Magistrates System.

Repeals the provision stipulating that changes in the number, location, and salaries of United States magistrates made by the Judicial Conference of the United States take effect 60 days following their promulgation.

Authorizes, in civil actions in forma pauperis, payment by the United States of expenses for preparing a transcript of proceedings before a magistrate who is serving as a special master.

Amends the Bankruptcy Act to allow full-time and part-time referees in bankruptcy to serve as United States magistrates. Sets forth guidelines relative to the terms and salaries of persons serving in both capacities.