Presidential Allowance Modernization Act of 2022

United States117th CongressS-3703Senate
Updated: Feb 17, 2022

Summary

Presidential Allowance Modernization Act of 2022 This bill replaces provisions governing the compensation provided to a former President. Each former President shall receive from the United States (1) an annuity of $200,000 per year for the remainder of his or her life, and (2) a monetary allowance of $200,000 per year. Such allowance shall be reduced by the amount the former President's earned income exceeds $400,000. These monetary amounts are subject to a cost-of-living increase. The bill increases and provides for cost-of-living adjustments to the monetary allowance for surviving spouses of former Presidents.

Bill texts

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Introduced (Senate)View official text

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Timeline

Latest companion bill action

HR-4519: Presidential Allowance Modernization Act of 2021

Referred to the Committee on Oversight and Reform, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

    Senate

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