HR 4519
Presidential Allowance Modernization Act of 2021
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Bill overview
This bill, the Presidential Allowance Modernization Act of 2021, updates the compensation provided to former Presidents and their surviving spouses. It establishes a $200,000 annual annuity for former Presidents (excluding those removed through impeachment) and a $100,000 annual allowance, subject to a limit based on their adjusted gross income. The allowance is also subject to cost-of-living increases, and surviving spouses can receive a $100,000 annual allowance if they waive other pension benefits. The bill also addresses how these payments are calculated and adjusted.
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Primary sponsor
Jody B. Hice
Cosponsor
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