Continuing Appropriation (first)

Makes appropriations for FY 1998 for continuing projects or activities, including the costs of direct loans and loan guarantees, which were conducted in FY 1997 and for which appropriations, funds, or other authority would be available in: (1) the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1998; (2) the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1998; (3) the Department of Defense Appropriations Act, 1998; (4) the District of Columbia Appropriations Act, 1998; (5) the Energy and Water Development Appropriations Act, 1998; (6) the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1998; (7) the Department of the Interior and Related Agencies Appropriations Act, 1998; (8) the Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 1998; (9) the Legislative Branch Appropriations Act, 1998; (10) the Military Construction Appropriations Act, 1998; (11) the Department of Transportation Appropriations Act, 1998; (12) the Treasury, Postal Service, and General Government Appropriations Act, 1998; and (13) the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1998.

Sets forth the rates of (current rates, with specified exceptions), and limitations on, such funding.

Provides funding under this resolution until enactment into law of any covered appropriation or the applicable appropriations Act or October 23, 1997, whichever occurs first.

Continues provisions of the Immigration and Nationality Act pertaining to a visa waiver pilot program for certain visitors through the effective period of this resolution.

Amends the National Flood Insurance Act of 1968 to extend the authority to enter into new flood insurance contracts through October 23, 1997.

Authorizes the District of Columbia government to delay repayment of the 1997 Treasury advances beyond October 1, 1997, until it receives the full year Federal contribution. Waives any interest or penalties otherwise applicable to late payments.

Continues the issuing authority of the Overseas Private Investment Corporation through the effective period of this resolution.

Amends the Export-Import Bank Act of 1945 to extend the Export-Import Bank's functions through October 23, 1997.

Extends, through October 23, 1997, certain provisions of the Immigration and Nationality Act pertaining to the issuance of immigrant visas within 90 days' of an alien's departure and the adjustment to permanent resident status of certain aliens.