Changes to Former Presidents' and Spouses' Allowances
This act modifies the financial allowances provided to former U.S. presidents and their surviving spouses. It introduces new limits and conditions that may affect the amount of funds received, especially for former presidents with high incomes. The goal is to modernize the allowance system.
Key points
Former presidents will receive a fixed annual annuity of $200,000 and an allowance of $200,000.
The allowance amount may be reduced if a former president's annual income exceeds $400,000, excluding security-related costs.
Widows and widowers of former presidents will receive an annual allowance of $100,000, up from the previous $20,000.
All allowances will be adjusted annually for cost-of-living increases, similar to Social Security benefits.
The act does not apply to individuals who were former presidents or their surviving spouses on the date of its enactment.
Expired
Additional Information
Print number: 117_S_3703
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2022-02-17