SEC-339 -- LIMITATION ON GNMA GUARANTEES OF MORTGAGE-BACKED SECURITIES. 

 
 Section 306(g)(2) of the Federal National Mortgage Association Charter
Act (12 U.S.C. 1721(g)(2)) is amended to read as follows:
 
 "(2) Notwithstanding any other provision of law and subject only to
the absence of qualified requests for guarantees, to the authority
provided in this subsection, and to the extent of or in such amounts as
any funding limitation approved in appropriation Acts, the Association
shall enter into commitments to issue guarantees under this subsection
in an aggregate amount of $84,982,000,000 during fiscal year 1991 and
$88,296,000,000 during fiscal year 1992.".