Presidential Allowance Modernization Act of 2025

The Presidential Allowance Modernization Act of 2025 seeks to update the financial benefits provided to future former Presidents and their surviving spouses under the Former Presidents Act of 1958. For former Presidents, the bill establishes a fixed annual annuity of $200,000 and authorizes a separate monetary allowance of $200,000 per year, both subject to annual cost-of-living increases tied to Social Security benefits. A significant change is the introduction of an income-based reduction for the monetary allowance. If a former President's adjusted gross income, combined with tax-exempt interest, exceeds $400,000 in a given year, their allowance will be reduced by the amount over this threshold. To facilitate this, former Presidents must disclose tax information to the Treasury Secretary, though the allowance cannot fall below an amount deemed necessary for security-related costs. The bill also addresses benefits for surviving spouses, increasing their annual monetary allowance from $20,000 to $100,000 and extending eligibility to widowers . These spousal allowances will also receive annual cost-of-living adjustments. Importantly, the provisions of this Act, including the income-based reduction and increased spousal benefits, will not apply to any individual who is already a former President or their surviving spouse on the date of the bill's enactment, meaning they only affect future former Presidents.