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House Committee on Oversight and Government ReformIntroducedJanuary 15th, 2013
- house Committees
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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.
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.