To require the Secretary of Transportation to revise the Federal motor vehicle safety standards applicable to light trucks and multi-purpose vehicles and for other purposes.

Requires the Secretary of Transportation to revise Federal motor vehicle safety standards with respect to light trucks and multi-purpose passenger vehicles under the National Traffic and Motor Vehicle Safety Act of 1966.

Amends the Motor Vehicle Information and Cost Savings Act to require the Secretary to promulgate regulations to require manufacturers of motor vehicles to affix a label disclosing a bumper impact speed which meets specified damage criteria. Directs the Secretary to revise a certain bumper standard to conform with an earlier standard.

Requires the Secretary to establish a program requiring all passenger automobiles used by the Federal Government to be equipped with driver-side and front seat passenger side airbags by September 30, 1990, and September 30, 1993, respectively.