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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.

Senate Actions

IntroReferral
Feb. 16 2023	Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Library of Congress Actions

IntroReferral
Feb. 16 2023	Introduced in Senate

Senate bill S501-118

Presidential Allowance Modernization Act of 2023

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