LIMITATION ON INSURANCE AUTHORITY.

SEC. 501. LIMITATION ON INSURANCE AUTHORITY.Section 531(b) of the National Housing Act (12 U.S.C. 1735f–9(b)) is amended to read as follows: “(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 $65,905,824,960 during fiscal year 1993 and $68,673,868,600 during fiscal year 1994”.