Omnibus Budget Reconciliation Act of 1987
The Omnibus Budget Reconciliation Act of 1987 (or OBRA-87) was federal law that was enacted by the 100th United States Congress and signed into law by President Ronald Reagan. Legislative history. The bill was introduced in the House on October 26, 1987. It was passed in the House on October 29, 1987, and passed in the Senate on December 11, 1987. President Reagan signed the bill into public law on December 22, 1987.