Presented is a report on the Senate bill to extend the authorization of appropriations for and to strengthen the provisions of the Older Americans Act of 1965 and for other purposes. The document opens by reporting favorably on the bill as amended and by recommending passage. The following topics are addressed: (1) summary of bill; (2) background and need for legislation; (3) text of bill as reported; (4) committee views; (5) hearings; (6) votes in committee; (7) Congressional Budget Office cost estimates; (8) regulatory impact statement; (9) section-by-section analysis; and (10) changes in existing law. A reprint of the complete statue with the parts or sections to be amended or replaced noted is included. In summary, major provisions of the bill are continuation of the Older Americans Act of 1965 with reauthorization for fiscal years 1988-1992, new authorizations for in-home services, health promotion services, and ombudsmen services, funding for a 1991 White House Conference on Aging, and funding for clinical trials of drugs for the treatment of Alzheimer's disease. (ABL)