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Income Cap on Allowances for Wealthy Former U.S. Presidents.

This Act modernizes financial support for future former Presidents, setting a fixed $200,000 annuity (pension) and a $200,000 allowance for office expenses. Crucially, the monetary allowance will be reduced dollar-for-dollar if a former President's annual income exceeds $400,000, aiming to save taxpayer funds. The law also significantly increases the allowance for future surviving spouses of Presidents.
Key points
Introduction of an income cap ($400,000 AGI) that reduces the $200,000 annual allowance for wealthy former Presidents, though security-related costs are protected.
The annual allowance for future surviving spouses (widows/widowers) is increased substantially from $20,000 to $100,000.
These changes apply only to individuals who become former Presidents after the law is enacted, not current beneficiaries.
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Additional Information
Print number: 118_S_501
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2023-02-16
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Presidential Allowance Modernization Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_501.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-02-16.

What are the main provisions?

Key points include:

  • Introduction of an income cap ($400,000 AGI) that reduces the $200,000 annual allowance for wealthy former Presidents, though security-related costs are protected.
  • The annual allowance for future surviving spouses (widows/widowers) is increased substantially from $20,000 to $100,000.
  • These changes apply only to individuals who become former Presidents after the law is enacted, not current beneficiaries.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Ernst, Joni [R-IA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Benefits Economy