READJUSTMENT OF SUPPORT LEVELS.

SEC. 1302. READJUSTMENT OF SUPPORT LEVELS. (a) Failure to Enter Into Agreement.—If by June 30, 1992, the United States does not enter into (within the context of section 1102(a) of the Omnibus Trade and Competitiveness Act of 1988 (19 U.S.C. 2902)) an agricultural trade agreement in the Uruguay Round of multilateral trade negotiations under the General Agreement on Tariff’s and Trade (GATT), agricultural acreage limitation and price support and production adjustment programs and export promotion levels shall be reconsidered and adjusted by the Secretary of Agriculture (hereafter in this section referred to as the “Secretary”) in accordance with subsection (b), as appropriate to protect the interests of American agricultural producers and ensure the international competitiveness of United States agriculture. (b) Required Measures.—Pursuant to subsection (a), in order to protect the interests of American agricultural producers and en-sure the competitive position of United States agriculture, the Secretary— (1) is authorized to waive any minimum level for any acreage limitation program required or authorized for any of the 1993 through 1995 crops of wheat, feed grains, upland cotton, or rice established under section 107B(e), 105B(e), 103B(e), or 101B(e) of the Agricultural Act of 1949 (as amended by sections 301, 401, 501, and 601 of the Food, Agriculture, Conservation, and Trade (2) shall. increase by $1,000,000,000 for the period beginning October 1, 1993, and ending September 30, 1995, the level of export promotion programs authorized under the Agricultural Trade Act of 1978 (as amended by section 1531 of the Food, 104 STAT. 1388–13Agriculture, Conservation, and Trade Act of 1990), in addition to any amounts otherwise required or made available under such programs; and (3) shall permit producers to repay price support loans for any of the 1993 through 1995 crops of wheat and feed grains at the levels provided under sections 107B(a)(4) and 105B(a)(4) of the Agricultural Act of 1949, respectively. (c) Failure of Agreement to Enter Into Force.—If by June 30, 1993, an agricultural trade agreement under the Uruguay Round of multilateral trade negotiations under the General Agreement on Tariffs and Trade has not entered into force for the United States, agricultural price support and other programs and export promotion levels shall be reconsidered and adjusted by the Secretary in accordance with subsection (d), if the Secretary determines such action is appropriate to protect the interests of American agricultural producers and ensure the international competitiveness of United States agriculture. (d) Specific Measures.— (1) Measures to be considered.— Pursuant to subsection (c), the Secretary shall consider— (A) waiving all or part of the requirements of this title, and the amendments made by this title, requiring reductions in agricultural spending; (B) increasing the level of funds made available for the programs authorized under the Agricultural Trade Act of 1978; and (C) permitting producers to repay price support loans for any of the 1993 through 1995 crops of wheat and feed grains at the levels provided under sections 107B(a)(4) and 105B(a)(4) of the Agricultural Act of 1949, respectively. (2) Authority.—The Secretary is authorized to implement the measures specified in subparagraphs (A), (B), and (C) of paragraph (1). This authority shall be in addition to, and not in place of, any other authority under any other provision of law. (3) Implementation.—If the Secretary determines the action is appropriate pursuant to subsection (c), the Secretary shall implement measures specified in subparagraph (A) of paragraph (1) and either or both of the measures specified in subparagraph (B) or (C) of paragraph (1). (e) Limitation.—This section shall not be construed to authorize the Secretary to reduce the level of income support provided to agricultural producers in the United States. (f) Termination.—The provisions of subsections (a) and (b) shall cease to be effective if the President certifies to Congress that the failure referred to in subsection (a) to enter into an agricultural trade agreement in the Uruguay Round of multilateral trade negotiations under the GATT is a result in whole or in part of the provisions of section 151 of the Trade Act of 1974 (19 U.S.C. 2191), or essentially similar provisions, not applying or in effect not applying during the period ending May 31, 1991 (or during the period June 1, 1991, through May 31, 1993, if the condition of section 1103(b)(l)(B)(i) is satisfied) to implementing bills submitted with respect to such an agreement entered into during the applicable period under section 1102(b) of the Omnibus Trade and Competitiveness Act of 1988 (19 U.S.C. 2902(b)). 104 STAT. 1388–14 TITLE «—BANKING, HOUSING. AND RELATED PROGRAMS Subtitle A— Federal Deposit Insurance Assessments Sec. 2001. Short title. Sec. 2002. FDIC authorized to increase assessment rates as necessary to protect insurance funds. Sec. 2003. FDIC authorized to make mid-year adjustments in assessment rates. Sec. 2004. FDIC authorized to set designated reserve ratio as necessary in face of significant risk of substantial losses to insurance fund. Sec. 2005. FDIC authorized to borrow from Federal Financing Bank. Subtitle B— FHA Mortgage Insurance Sec. 2101. Increase in mortgage limit. Sec. 2102. Mortgagor equity. Sec. 2103. Mortgage insurance premiums. Sec. 2104. Mutual mortgage insurance fund distributions. Sec. 2105. Actuarial soundness of mutual mortgage insurance fund. Sec. 2106. Home equity conversion mortgage insurance demonstration. Subtitle C— Auction of Federally Insured Mortgages Sec. 2201. Auction of multifamily mortgages. Subtitle D— Crime and Flood Insurance Programs Sec. 2301. Crime insurance program. Sec. 2302. Flood insurance program. Subtitle E— Effective Date Sec. 2401. Effective date.