S 3209 · 101th Congress · Economics and Public Finance
Omnibus Budget Reconciliation Act of 1990
Bill Progress
✓
Introduced✓
Committee3
Senate Vote4
House5
EnactedLatest: See also H.R. 5835.(1990-11-08)
Recorded Votes
PassedSenate · 1990-10-19
Roll #292 ↗Yea 54Nay 46
Plain Language Summary
[AI summary unavailable — showing source text]
Omnibus Budget Reconciliation Act of 1990 - Title I: Committee on Agriculture, Nutrition, and Forestry - Agricultural Reconciliation Act of 1990 - Provides for acreage reduction programs for the 1991 through 1995 crops of wheat, feed grains, upland cotton, and rice, and deficiency payments for the same commodities starting with the 1992 crops. Sets forth the price supports for the 1991 through 1995 crops of oilseeds. Establishes 1991 through 1995 authorization levels for Rural Electrification Administration and Farmers Home Administration loans. Title II: Committee on Banking, Housing, and Urban Affairs - Subtitle A: Federal Deposit Insurance Premiums - FDIC Premium Act of 1990 - Amends the Federal Deposit Insurance Act with respect to assessment rates and reserve ratios. Subtitle B: FHA Mortgage Insurance - Amends the National Housing Act with respect to reverse mortgage insurance, actuarial soundness for the mutual mortgage insurance fund, and risk-based periodic mortgage insurance premiums. Subtitle C: Mortgage Assignments - Amends the National Housing Act with respect to mortgage assignments. Subtitle D: Crime and Flood Insurance Programs - Amends the National Housing Act to ex…
Summarized by Claude AI · Non-partisan · For informational purposes only