Federal Courts Study Act - Establishes a 14-member Federal Courts Study Commission to study: (1) the jurisdiction of the Federal and State courts and to make recommendations with respect to revision of the Constitution and Federal law; (2) problems currently facing the courts; (3) reports from all dispute resolving bodies (including courts, administrative agencies and Federal justice centers); and (4) future plans for the Judiciary.
Directs the Commission to report to Congress and the President within two years after enactment of this Act. Authorizes appropriations through FY 1992.