H.R. 6488 (97th): A bill to amend the Congressional Budget Act of 1974 and the Budget and Accounting Act, 1921, to direct the Federal Reserve Board to increase the money stock at an annual rate not to exceed the historic growth rate of the real gross national product, to bring the activities of the Federal Finance Bank and other off-budget entities within the unified budget, to eliminate budget deficits, to limit the levels of total budget outlays, and to allow for the gradual elimination of the public debt.


May 25, 1982
97th Congress, 1981–1982

Died in a previous Congress

This bill was introduced on May 25, 1982, in a previous session of Congress, but was not enacted.


Richard White
Representative for Texas's 16th congressional district

About the bill

Summary (CRS)
5/25/1982--Introduced.TitleI - Growth of Money SupplyAmends the Federal Reserve Act to govern all purchases and sales of paper with a view to maintain a constant level of domestic prices and ...

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What is a bill?

The “H.R.” in “H.R. 6488” means this is a House of Representatives bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

The bill’s title was written by its sponsor.


May 25, 1982


4 cosponsors (3D, 1R) (show)
Committee Assignments

The committee chair determines whether a bill will move past the committee stage.


There have been no votes related to this bill.

Links & tools

Primary Source

THOMAS.gov (The Library of Congress)

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