S 501
118th Congress
Senate
Government Operations and Politics
Family relationships
Government employee pay, benefits, personnel management
Inflation and prices
Presidents and presidential powers, Vice Presidents
Wages and earnings
Presidential Allowance Modernization Act of 2023
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 16, 2023
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Feb 16, 2023
Introduced in Senate
Plain-English summary
Presidential Allowance Modernization Act of 2023
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.
What's happening now
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Committees of jurisdiction
1
Cosponsors
1