AMOUNT TO BE INSURED UNDER NATIONAL HOUSING ACT.

SEC. 402. AMOUNT TO BE INSURED UNDER NATIONAL HOUSING ACT. Section 531 of the National Housing Act is amended— (1) by inserting “(a)” after “Sec. 531.”; and (2) by adding at the end thereof the following: “(b) Notwithstanding any other provision of law and subject only to the absence of qualified requests for insurance, to the authority provided in this Act, and to the limitation in subsection (a), the Secretary shall enter into commitments to insure mortgages under this Act with an aggregate principal amount of $100,000,000,000 during fiscal year 1988, and $104,000,000,000 during fiscal year 1989. .