Nursing Shortage Reduction Act of 1987

Nursing Shortage Reduction Act of 1987 - Amends title VIII (Nurse Training) of the Public Health Service Act to add a new part on initiatives to reduce nursing shortages. Directs the Secretary of Health and Human Services to establish a special advisory committee to develop a comprehensive plan regarding long-term solutions to problems in recruiting and retaining nurses. Directs the Secretary to make a grant to a nonprofit private entity with a record in supporting innovative health initiatives for a project to demonstrate and evaluate innovative hospital nursing practice models. Requires models to include initiatives to: (1) restructure the role of the hospital nurse, through changes in the composition of hospital staffs; (2) test innovative wage structures for nurses; and (3) evaluate the effectiveness of providing benefits such as pensions, sabbaticals, and payment of educational expenses for nurses. Prohibits the Federal share of the costs of the project from exceeding 50 percent. Authorizes appropriations for FY 1988 through 1990. Directs the Secretary to make grants to or enter into contracts with public and nonprofit private collegiate schools of nursing for projects to demonstrate and evaluate innovative nursing practice models regarding long-term health care services in the home or in long-term care facilities. Authorizes appropriations for FY 1988 through 1990. Directs the Secretary to make grants to and enter into contracts with public and nonprofit private entities to develop, establish, and operate at least one and not more than five regional model professional nurse recruitment centers to recruit individuals to enter programs to train nurses. Sets forth requirements for centers. Authorizes appropriations for FY 1988 through 1990.