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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.

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Sponsor and status

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




May 25, 1982

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

H.R. 6488 (97th) was a 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.

This bill was introduced in the 97th Congress, which met from Jan 5, 1981 to Dec 23, 1982. Legislation not enacted by the end of a Congress is cleared from the books.

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“H.R. 6488 — 97th Congress: A bill to amend the Congressional Budget Act of 1974 and the Budget and Accounting ...” 1982. October 20, 2019 <>

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