A bill to amend the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1990, to increase the total amount of commitments which may be made to finance projects for housing and infrastructure in Israel for Soviet refugees, and for other purposes.

Amends the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1990 to raise the ceiling on the amount of commitments to guarantee loans for housing and other credit guaranty programs. Earmarks a specified amount of such guaranty funds for housing and infrastructure for Soviet refugees in Israel. Exempts such funds from: (1) requirements under the Foreign Assistance Act of 1961 with respect to guaranties for housing projects in Israel; and (2) guarantee fees provided for in such Act.

Amends the Foreign Assistance Act of 1961 to raise the ceiling on the amount available for worldwide housing guaranties under such Act.