Changes to Former Presidents' and Spouses' Allowances
This act modifies the financial benefits provided to former U.S. presidents and their surviving spouses. It introduces a fixed annual allowance that can be reduced based on the former president's other income. The goal is to align public spending with actual needs.
Key points
Former presidents 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 annual adjusted gross income exceeds $400,000.
Benefits will be adjusted annually for cost-of-living increases, similar to Social Security benefits.
Surviving spouses of former presidents will receive an annual allowance of $100,000, also adjusted for inflation.
The act does not apply to individuals who are former presidents on the date it becomes law, nor their surviving spouses.
The act does not affect laws related to the security and protection of former presidents and their families.
Introduced
Additional Information
Print number: 119_S_534
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2025-02-12