H.R. 4093 · 112th Congress
Presidential Allowance Modernization Act
- Stage
- In committee
- Sponsor
- Jason Chaffetz
- Introduced
- 2012-02-28
- Latest action
- 2012-02-28 · Introduced in House
Summary
Presidential Allowance Modernization Act - Revises provisions relating to presidential pensions to allow former Presidents an annuity of $200,000 and an additional monetary allowance of $200,000 per year. Reduces such pension by the amount that a President's adjusted gross income in a taxable year exceeds $400,000.
Increases from $20,000 to $100,000 the annual annuity of a surviving spouse of a former President.