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 2019
This bill revises the compensation provided to a President who leaves office after enactment of this bill or such a President's widow or widower.
Each such President, excluding a President removed from office through impeachment, shall receive (1) an annuity of $200,000 per year for the remainder of the President's life, and (2) a monetary allowance of $200,000 per year. Such allowance shall be reduced by the amount the President's earned income exceeds $400,000. These monetary amounts are subject to a cost-of-living increase.
The widow or widower of each such President shall be entitled to receive $100,000 per year, payable monthly, if such individual waives the right to each other annuity or pension to which the individual is entitled. This amount is subject to a cost-of-living increase.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 128.
Introduced in House
Introduced in House
Referred to the House Committee on Oversight and Reform.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Unanimous Consent.
Mr. Rouda moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H8167-8169)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1496.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H8167-8168)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8167-8168)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line