Presidential Allowance Modernization Act of 2022
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Feb 17, 2022)
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.
What just happenedFeb 17, 2022
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Who’s behind it
- Introduced in SenateFeb 17, 2022
- Feb 17, 2022IntroReferral
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Homeland Security and Governmental Affairs Committee - Feb 17, 2022IntroReferral10000
Introduced in Senate