A bill 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 of 2017
This bill amends the Former Presidents Act of 1958 to to revise 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; and (2) a monetary allowance of $500,000 per year for five years beginning six months after the expiration of his or her term, $350,000 per year for the next five years, and $250,000 per year thereafter.
Such annuity and allowance shall be increased each year by the same percentage as Social Security benefits.
Such allowance shall be reduced by the amount the former President's earned income exceeds $400,000.
The bill: (1) limits the office staff provided for each former President to not more than 13 individuals, and (2) requires that suitable office space for a former President be provided on a reimbursable basis.
The bill increases and provides for cost-of-living adjustments to the monetary allowance for surviving spouses of former Presidents.
Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Introduced in Senate
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Committee on Homeland Security and Governmental Affairs. Ordered to be reported without amendment favorably.
Committee on Homeland Security and Governmental Affairs. Reported by Senator Johnson without amendment. With written report No. 115-211.
Committee on Homeland Security and Governmental Affairs. Reported by Senator Johnson without amendment. With written report No. 115-211.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 337.
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