H.R.4093 - Presidential Allowance Modernization Act

To amend the Act of August 25, 1958, commonly known as the "Former Presidents Act of 1958", with respect to the monetary allowance payable to a former President, and for other purposes. view all titles (2)

All Bill Titles

  • Short: Presidential Allowance Modernization Act as introduced.
  • Official: To amend the Act of August 25, 1958, commonly known as the "Former Presidents Act of 1958", with respect to the monetary allowance payable to a former President, and for other purposes. as introduced.

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Introduced
 
House
Passes
 
Senate
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President
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02/28/12
 
 
 
 
 
 
 

Sponsor

Representative

Jason Chaffetz

R-UT

View Co-Sponsors (7)

Official Summary

Presidential Allowance Modernization Act - Revises provisions relating to presidential pensions to allow former Presidents an annuity of $200,000 and an additional monetary allowance of $200,000 per year. Reduces such pension by the amount that a President's adjusted gross income in a

Official Summary

Presidential Allowance Modernization Act - Revises provisions relating to presidential pensions to allow former Presidents an annuity of $200,000 and an additional monetary allowance of $200,000 per year. Reduces such pension by the amount that a President's adjusted gross income in a taxable year exceeds $400,000.  Increases from $20,000 to $100,000 the annual annuity of a surviving spouse of a former President.

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