Changes to Former Presidents' Allowances and Spousal Benefits
This act modifies the financial allowances provided to former U.S. presidents and their surviving spouses. It introduces a fixed annual annuity and allowance, which may be reduced based on the former president's other income. The goal is to modernize support to reflect current financial circumstances.
Key points
Former presidents leaving office after this act's enactment will receive a fixed annual annuity of $200,000 and an allowance of $200,000.
The monetary allowance for a former president may be reduced if their adjusted gross income exceeds $400,000 annually.
Widows and widowers of former presidents will be entitled to an annual allowance of $100,000, provided they waive other federal annuities.
Annuities and allowances will be adjusted annually for cost-of-living increases, similar to Social Security benefits.
The act does not affect laws related to the security or protection of former presidents and their families.
Expired
Additional Information
Print number: 117_HR_4519
Sponsor: Rep. Hice, Jody B. [R-GA-10]
Process start date: 2021-07-19