Submitted to Congress by Senator William V. Roth, Jr., of the Committee on Governmental Affairs, this document reports favorably on Senate Bill 786 (the Information Age Commission Act of 1986), legislation designed to establish a commission to study the impact of computer and communications systems on American society. The report provides: (1) a statement of the need for the legislation; (2) a summary of the legislation; (3) a discussion of the legislation; (4) legislative history of the bill; (5) a section-by-section analysis; (6) an evaluation of regulatory impact; (7) the estimated cost, provided in a letter from Rudolph G. Penner, Director of the Congressional Budget Office; (8) results of the vote in committee; and (9) a note on changes in existing law. (KM)